“On Ocean Breeze.”

“I did not bet on Ocean Breeze.”

“What! You owned the favourite for the Cup, and didn’t back it!”

“I never bet on horse-racing. It is against my principles. I am told that the animal failed to win the contest.”

“Failed to win! Why, he was so far behind that he nearly came in first in the next race.”

“Tut!” said old Bittlesham.

“Tut is right,” I agreed. Then the rumminess of the thing struck me. “But if you haven’t dropped a parcel over the race,” I said, “why are you looking so rattled?”

“That fellow is here!”

“What fellow?”

“That bearded man.”