Warren Courtly was in a fever of excitement. He had backed the Saint to win him several thousands, and when he saw him in the paddock felt inclined to put more on.

The colt's peculiar colour rendered him easily distinguishable, and he was mobbed in the paddock, taking it as unconcernedly as usual.

Ben Sprig was to ride him again, and he felt a trifle anxious as to the result. He had never been beaten on the Saint, having scored five victories in succession; but he knew the five horses he was to meet in about a quarter of an hour were probably the best in the country.

Vulture had won the Derby the previous year, as easily as Sandstone, and followed it up by a St. Leger victory. Coralie, a handsome mare, had an Ascot Gold Cup to her credit. Avenger made hacks of the last Cesarewitch field. Decoy Duck was an Eclipse winner; and Mermaid landed the Oaks in Vulture's year. Well might men gasp and exclaim, "What a field. It beats the Derby into a cocked hat."

No wonder the betting was fast and furious, and backers were split up into half-a-dozen parties. It was the more venturesome speculators who stood by the Saint. The old hands preferred one of the other tried stayers.

"It is too much to expect of him," they said of the Saint. "It's more than Sandstone could do, and look how he won the Derby yesterday."

Vulture was favourite, then Coralie and Avenger, and the Saint figured at eight to one.

"It is a real good price," said the Squire. "I must have a hundred on," and when he had booked that he longed for more, hesitated a moment or two, and then doubled it.

Irene caught the fever and made Warren put a "pony" on for her.

Ulick had a small amount going, and Warren had plunged.