Ben pointed solemnly to the clock, and said—

"They are always behind time when you are clerk of the course."

Ben was quickly in the saddle, and rode the Saint quietly out on to the course, which was cleared of the crowd. He sidled up to the rails, and slipped along past the stands. He was almost rounding the bend before the people recognised the colours.

"I thought the Saint had gone down long ago?" said one.

"That's a trick of Ben Sprig's, he generally goes up last," was the reply.

The noise at Tattersall's was deafening, and although Pinkerton was a slight favourite, the money had poured in for Kit Cat to such an extent that she was about the worst runner in many of the books.

The Saint stood at six to one, and Ulick had succeeded in obtaining a point longer for his money.

There was no delay at the post, Mr. Coventry sending them off in his usual style.

Kit Cat was quickly on her legs, and came along at a great pace, the golden stars on the black jacket of her rider glittering in the sunlight. Mulgar's white jacket also showed prominently, and after a gap came Pinkerton, and the olive green on the Saint.

From the start the pace was fast, and Kit Cat was making the most of her light weight. She had an easy style of going, and looked strong enough to carry a couple of stone more. Her owner had not waited in vain to get in with seven stone, and the money proved the mare could go when required. He was regarded, not without reason, as a very smart man. His name, Conrad Rush, had often figured against large winning accounts in Monday's settlement, and the ring had a wholesale dread of him. He never did anything underhand, but he possessed an amount of patience that fairly wore the handicappers out.