She did not quite understand the gleam in the dark-gray eyes, but he smiled carelessly enough, and replied:

"At least she is very brave."

"A madcap," madame answered, shortly; and just then a shriek of triumph from a thousand throats rent the air. The meteor-like figure of the golden-haired girl on the flying Arab had distanced every competitor, and the applause was tremendous. In the midst of it all she reined in her gallant steed a moment before the judges' stand, then, before the dust cleared away, she was galloping rapidly off the grounds, followed by every eye among them all; while Mme. Lorraine, beneath an indifferent air, concealed a hidden volcano of wrath and passion.

She stayed for the rest of the races, but her mind was only half upon them now, and she made some wild bets, and lost every stake. She could think of nothing but the daring girl who had taken her own Selim, her costly, petted Arab, and ridden him before her eyes in that wild race in which she had won such a signal victory.


[CHAPTER II.]

Van Zandt determined to keep his promise to call in Esplanade Street that evening. He felt a languid curiosity over Mme. Lorraine's charge, the daring girl whose whole young body was worth less to madame than one of the slender hoofs of her favorite Selim.

He arrived early, and was ushered into an exquisite little salon all in olive and gold—fit setting for madame's ripe, dusky beauty. She was alone, looking magnificent in ruby velvet with cream lace garnishing and ruby jewelry, and the smile with which she received him was welcome itself.

"Ah, mon ami! I was wondering if you would really come," she said, archly. "Sit here beside me, and tell me how you enjoyed the day?"

She swept aside her glowing draperies, and gave him a seat by her side on the olive satin sofa. He accepted it with an odd sensation of disappointment, despite her luring beauty and the sensuous comfort and luxury of the room, whose air was heavy with the perfume of flowers in vases and pots all about them.