"That's just it," broke in the owner of the coach; "the public thought so too, and they've lost their money."

"Just look at the mob," he continued, "crowding round the jockey and the owner. 'Gad, I shouldn't care to be hooted like that. But, of course, they've made their pile on it; never intended him to win. Just sent him out for an airing. Pretty bit of roping, wasn't it?" he continued, addressing Mr. Punch.

But the Sportsman of Sportsmen only frowned.

"In the land we come from," he rejoined, "the sport of racing is pure, and only the most high-minded men take part in it. Their desire is not to make money, but merely to improve the breed of British horses. I grieve to find that here the case is otherwise. Reform the Sport, Sir; reform it, and make it worthy of Castorian gentlemen."

His newly-found friend only smiled.

Then he winked as he hummed to himself the words of a song, which ran something like this:—

"Come, sportsmen all, give ear to me, I'll tell you what occurred,

But of course you won't repeat it when I've told you;

For with honourable gentlemen I hope that mum's the word,