Jim Dennis, Sal and Ned Glenn eyed the lad admiringly when he put the yellow jacket on, and he looked well in it, quite a model of a youthful jockey.

The day before the races Jim Dennis with his son and Neptune rode over to Swamp Creek and put up at the Gum Tree Hotel.

There was quite a crowd around the place waiting for the horse to arrive, and the comments passed on the appearance of Neptune were on the whole favourable.

There was a lot of wagering at night at the hotel, and, the township being full of visitors, many strangers were present.

Jim Dennis had taken special precautions that his horse should be well looked after, and Dr Tom's black boy was left on guard with strict injunctions not to leave the door of the box on any pretext whatever. There he sat like a black sentinel with old Baalim at his side, and the pair kept off all inquiring visitors.

Jim Dennis knew that Abe Dalton was bent upon winning the race with The Captain, and would not stick at a trifle to accomplish the end. Most of the horses were backed, and there was every prospect of an exciting race. Willie was at Dr Tom's house and was to remain there for the night.

'He's better there than in the hotel. You never can tell what fellows like Dalton may get up to,' said the doctor, as he and Jim went round to the Gum Tree to see how the wagering was going.

The place was packed, and Aaron Hyam was doing a brisk trade behind the bar and also with his bookmaking. First Class was a hot favourite at three to one, and seemed likely to see a much shorter price.

Rodney Shaw was present, and backed Distant Shore freely, and offered to back his horse for a hundred against any one of the runners.

Jim Dennis had not met him since Sal had warned him that the master of Cudgegong was no friend of his. In his straightforward way Jim would have had it out with him there and then, but Dr Tom counselled patience, and Jim knew his advice was good. Shaw came up to them in a friendly way, and was evidently unaware that Sal had reported his misconduct or expressed any doubt about him.