From the steps to the line of elms no fence was visible to the spectators, and yet before reaching the avenue, three of the horses rose at something, and the fourth and his rider seemed to be swallowed up.

"Good heavens! young Voyle is down in the Park fence," cried Preece; and sure enough the exquisite from Dublin shortly after emerged from the abyss, his hat crushed, his breeches smirched, and his temper somewhat soured by the loss of a good horse.

"Really, Mr Preece, you must curb that young lady's pluck; she will break her neck some day if you don't take care," suggested an elderly friend.

"Break her neck," growled old Preece; "it isn't pluck, it is folly; wait until she has had a fall; you'll see she will learn better."

Kate had been sitting a quiet spectator of this little episode, though the old horse had backed and fidgetted with impatient desire to join in the fun.

As Polly rode back from the fence she caught sight of Kate, and with that sweetness which women show to rivals they detest, wreathed her face in smiles and laid a caressing hand on Joe's mane.

"Oh, Kate, how glad I am to see you out! I wish, dear, you had let me know that you meant to come. You might have ridden Dennis or my bay. I am afraid your dear old horse is almost past work now!"

"Doesn't look like it, does he, Miss Preece?" retorted Kate, as Joe champed his bit and pawed the velvet turf. Polly hated to be called Miss Preece by Kate, and would fain have passed for her bosom friend; but Kate unfortunately chose her own friends for herself, and Polly was not of them.

"Cousin Kate is a rare believer in the old horse," remarked George Vernon as he joined the two girls.

"Yes," assented Polly, "your cousin is a very antiquary; she likes everything that is old, and only what is old. She has even spoken slightingly of this miracle of Mr Busvine's. From politics to petticoats, Miss Lowry is a Tory, like her father!"