Bulstrode smiled.

"A frightful amount! There are twenty to one up on her, Molly."

The girl mentally calculated, exclaimed with pleasure and, with sparkling eyes, watched the lining-up of the racers. Neck to neck they stood, a splendid showing of satin and shine from fetlock to forelock, equine beauty enough to gladden a sporting man's heart, and all five were away before Miss Malines was even sure which one was the great Grimace.

From the first the favorite's nose was to the good. His shapely body followed, and when the horses came in sight again beyond the right-hand hedge, he had put four lengths between himself and the others. The winner of the Grand Prix had all the field with him. But the gray gelding who strained at Grimace's flanks had no staying powers, although he was backed as strongly for place as was Grimace to win; as he fell back Bon Jour began to attract notice.

Bulstrode and De Presle-Vaulx exchanged glances over the absorbed figure of Jack Falconer. "She may yet win place," murmured the younger man.

As they came up the wide turf sweep that lay like an emerald sea crested by the dark waves of the hedges, as the horses rocked like ships over the obstacle—Bon Jour closely followed the favorite.

At the moment Miss Malines cried: "Oh, a jockey's off! Oh, Jack, it's Bon Jour! She's thrown her jockey! I see the red and white."

But Falconer biting his cigar fiercely, laughed in scorn. "She's thrown them all right. She's left them all behind her—see!" he pointed, "there are only three running." And, indeed, as they came again in sight, one of the horses was seen to be wandering loose about the course, and another cantered nonchalantly some hundred yards behind.

"She's not even trying," murmured her enchanted owner. "She's cool as a rose."

The cries which had named the Rothschild gelding from the start were now mingled, and Bon Jour, flying around the emerald course, might have heard her name for the first on the public lips. She was running gracefully, her head even with the favorite's saddle and the English gray was a far-off third. Bon Jour was pressing to fame.