"Why, she's a nice little soul. I think you worry unduly," said Mr. Lester. "And she's only a baby yet." He gave a short laugh. "Dick is happy enough, at any rate."

They had come into view of Dick and O'Mara—the former perched on the gate-post of the little paddock, while the old man, leaning against the gate, was talking so earnestly that he failed to see his master approaching. Dick's intent face suddenly beamed, and a shout of delighted laughter rang out.

"Oh, that was ripping!" he cried. "My word, I'll tell father that!" Then his eye fell on his father, and he slid from the post and ran to meet the riders.

"I say, what a lovely horse!" His glance dwelt for a moment only on his father's mount—a useful black—and then lingered on Mr. Warner's. Indeed, there was excuse for looking at that horse. He was a great iron grey, all of seventeen hands in height, and built on perfect lines. He carried Mr. Warner's huge bulk as if it were a feather weight, and his beautiful head and mild eye showed both spirit and good temper. As he stood there, arching his powerful neck, he was a picture to delight any horse lover. Mr. Warner laughed.

"Not bad, is he?" he said. "I bred him myself, and he's carried me through many a long day and never seemed tired—and I've never been able to say that of any other horse. Good old Conqueror!" He swung to the ground and patted the grey's neck, and Conqueror put his head against him. "Well, young man, and how have you been getting on? Did Merle desert you?"

"I'm afraid she may have thought I deserted her, Mr. Warner," Dick said, reddening a little. "I got talking here, and I clean forgot she had stayed behind. I hope she isn't offended."

"He was helping me with the mare beyant, sir," said O'Mara. "An' 'tis the fine help he was—that black imp Jimmy had me an' the mare desthroyed with his clumsiness."

"Good man!" said Mr. Warner, nodding at Dick approvingly. "I'm glad Merle didn't leave you alone. We'll soon make it all square with her. Did she show you all round?"

Dick grinned.

"We didn't get very far," he said. "We just came by the meat houses here, and then we stopped. You see, the bay mare was very interesting."