"Milander has a very good chance. Dyer rides him, and he told me, bar accident, he would win. I think you can back him for a good stake."

"Meet me here after the race," said Warren, and walked out of the paddock into the ring.

"He's a real swell," thought Felix. "He may come in useful."

Milander won comfortably, and started at the remunerative odds of five to one. Warren Courtly won a good stake, and handed Felix "a pony," the winnings on the five pounds he put on for him.

"I'd give Dyer something, sir, if I were you," said Felix. "He's not a bad sort, and generally tells me when he has a chance."

"Give him this," said Warren, handing Felix a ten-pound note.

"Shall I see you again, sir?"

"I am often at these meetings. If you know anything, come and tell me, and I will see you are a gainer thereby."

It was in this way Warren Courtly became acquainted with Felix Hoffman, who later on helped him in another way, which did not redound to his credit, and which eventually gave that wily young man a hold over the master of Anselm Court.

Mrs. Hoffman was surprised one day when her son brought Warren Courtly down to Feltham. She wondered how Felix became acquainted with him, and still more why his friend condescended to associate with him. She knew her son was not at all a desirable companion for a man of Warren Courtly's stamp.