"Horses! Horse racing, to be exact. You've heard of handicaps, haven't you?"

"I'm overwhelmed with them," I nodded wearily. "A secretary who repulses my honorable advances, a receptionist who squeals in my ear—"

"Listen, Mr. Mallory, what's the last thing horses do before they go to the post?"

"Check the tote board," I said promptly, "to find out if I've got any money on them. Horses hate me. They've formed an equine conspiracy to prove to me the ancient adage that a fool and his money are soon parted."

"Wait a minute!" chimed in Joyce thoughtfully. "I know what Sandy means. They weigh in. Is that right?"

"Exactly! The more weight a horse is bearing, the slower it runs. That's the purpose of handicapping. But if a horse that was supposed to be carrying more than a hundred pounds was actually only carrying ten—Well, you see?"

Sandy paused, breathless. I stared at her with a gathering respect.

"Never underestimate the power of a woman," I said, "when it comes to devising new and ingenious methods of perpetrating petty larceny. There's only one small fly in the ointment, so far as I can see. How do we convince some racehorse owner he should become a party to this gentle felony?"

"Oh, you don't have to," smiled Sandy cheerfully. "I'm already convinced."

"You? You own a horse?"