Conversation turned on the Derby and the Epsom meeting generally.

"Merry Monarch is my tip," she said. "I had it from the Baron; he fancies his horse tremendously."

"It would be a popular win," answered Alan.

"Have you heard anything?"

"The tip at the club last night was Gold Star," he said.

"The favorite?"

"A very hot favorite. I fancy he'll be even money on Wednesday. Have you known Baron Childs long?"

"Some months; I was introduced to him at Goodwood last year, in fact he was one of the house party at Colonel Buxton's."

"Very rich man, is he not?" asked Alan.

"A millionaire I believe; he is very unassuming, I like him," she said.