War clouds were gathering when the royal meeting began at Ascot, but very few people imagined they would burst so soon.

Alan Chesney had a strong team for the fashionable gathering; and, as usual. Eve Berkeley had taken a house at Ascot, among her guests being Ella Hallam, Harry Morby, and Vincent Newport, also Bernard Hallam, who had just arrived from Australia. Alan stayed at the Royal Hotel, where his horses were stabled. In the team were the Epsom winners, Robin Hood, The Duke, and Evelyn; in the Hunt Cup he had Bandmaster, with the light weight of seven stone.

Fred Skane pronounced Bandmaster a pretty good thing for the popular handicap; he was much surprised when the horse only had seven stone allotted him.

It was a brilliant Ascot; it always is, but on this occasion there seemed to be more people than usual, and there was much gaiety in the neighborhood.

Eve Berkeley, however, did not seem in such high spirits as usual. Her love for Alan Chesney grew and strengthened. She longed for him to ask her to be his wife, and wondered why he hung back. Was it possible he did not see how she loved him? Alan had not been to The Forest much lately, and she wondered why. Her attachment to him caused her pain, for she saw no signs that it was returned in the way she desired. Had she offended him in any way? She was not aware of having done so! Her surroundings at Ascot, however, dispelled these gloomy feelings before the first day's racing was over, and Alan had been more attentive to her than for some time past.

On Hunt Cup Day there was a tremendous crowd, and thirty runners were saddled for the big race. Spur was favorite, and even in such a big field he touched four to one an hour before the race. Another well backed was Manifest, while Hooker, Bird, and half a dozen more had plenty of friends. Bandmaster stood at a hundred to five in the betting, and at this price Alan and his friends secured some good wagers.

Bernard Hallam was impressed by the horses, and his remarks in the paddock proved he was a good judge. The Australian had a free and easy way that soon won him friends. He was more approachable than Valentine Braund, although they seemed to have much in common.

He was delighted with Eve Berkeley, and told his daughter she was the most beautiful woman he had seen.

"Don't fall in love with her," laughed Ella; "she's dangerous, has a host of admirers, but it doesn't make her a bit conceited. She is my best friend; I like her so much."

Eve got on well with Bernard Hallam; he amused her. She liked him better than the American; she thought him more genuine and reliable.