To the great surprise of the spectators, Queen Bess is gaining steadily inch by inch, until she passes those before her, even the General, and there is but a ribbon of daylight between herself and the great Robin Adair.

The crowd goes wild with intense excitement. Nerves are thrilling as down the stretch dashes the racers almost with the rapidity of lightning.

The grand stand seems to rock with the excited shouts. One great cry rises from ten thousand throats. Queen Bess has reached the great Robin Adair's flanks, and inch by inch she is gaining on him. And the excited spectators fairly hold their breath to see which horse wins.

CHAPTER IV.

WHICH WON?

Never in the history of the Lee races had there been such an exciting scene as this. Jay Gardiner's face is as white as death, as, with bated breath, he watches the two thorough-breds. Every one rises to his feet in the hope of catching a full view of the flyers.

Which will win the race—the great Robin Adair or the gallant little Queen Bess?

The mad shouts are deafening.

Suddenly they notice that Robin Adair, who has been victor in a dozen such races, begins to show signs of distress. The foam covers his dark chest, and his eyes flash uneasily. It is all that his rider can do to urge him on with whip and spur.

There is only one more furlong to cover. Robin Adair and little Queen Bess are side by side, neck to neck, both increasing their speed with every stride.