"So you absented yourself without leave, and went to Epsom. What have you got to say?"

"That it was worth it, Sir, even if it do mean the loss of my pension."

Thus the idea of betting was introduced. Gambling in all forms is against my principles; and how I came to give in on the point I scarcely know. From the way Selina argued one might have supposed that a bet on the Derby was a prudent investment, something in the nature of a life-insurance which no careful husband would neglect to make. So I yielded, merely stipulating that our stake was not to exceed one pound: and this amount fortunately satisfied Selina's conception of recklessness.

So upon the appointed day we found ourselves at the famous Heath, or is it the Downs? The selection of a horse to bear our fortunes to victory was not made without anxious debate, since Selina's choice was based upon the colour scheme of the jockey's coats, and mine on the romantic associations of the animals' names. In the end we compromised on a horse called Grand Parade.

Next, equally momentous, we selected a bookmaker who was to oblige us by opposing our fancy at the most advantageous rate. I was in favour of picking a man whose abundance of chin and paunch would, should he default, prevent his attaining more than four miles an hour on the flat. I had already discovered one that answered this description. He was soliciting clients in a voice that made one think a vulture might be rending his liver. Selina, who pretends to read character from faces, declared his eyes were too close together for those of an honest man. She had singled out a more suitable individual, and she indicated to me a slender gentlemanly man dressed in a grey frock-coat with a tall hat of the same colour just pathetically beginning to grow shabby. He also invited custom, but in a refined, almost confidential tone which, in comparison with the braying of his rival, resembled the cooing of a dove. His features, which to me denoted weakness of character, Selina asserted to be those of an honourable man struggling with adversity. It was to support an ailing wife, she felt sure, that he toiled at his uncongenial vocation. I should have liked to explain, though I knew it was useless, that our object in dealing with him was not to contribute to the support of his wife; that our success, indeed, might mean that the unhappy lady would be deprived for many a week to come of those little delicacies that are essential to the comfort of an invalid.

Against my better judgment I gave in and our little stake was deposited in his hands. I almost felt inclined to apologize for its smallness, but his courtesy in accepting it rendered excuses unnecessary. Nevertheless I should have preferred, when taking up a position to view the race, to have chosen a spot from which we could at the same time have kept an eye on his gentlemanly tall hat. Selina however poohpoohed the idea. We therefore walked some little distance to a point on the hill whence, some ten minutes later, we had the satisfaction of seeing Grand Parade gallop home a winner.

In the moment of triumph I had almost forgotten my apprehensions as to our bookmaker. Selina however had not, for, as we caught sight of his elegant grey-clad figure on our return, she could not resist exclaiming, "See how wrong your suspicions were."

The crowd, set loose after the tension of the race, impeded our progress, so that by the time we reached him he was alone. Apparently he had paid off all the other winners, and we were the last claimants to arrive.

"Ah, I was waiting for you," he said in his easy well-bred fashion. "You will think it very strange, perhaps, but for the moment I am unable to pay you. Most absurd. My losses have been rather more than I calculated, and I have unfortunately disbursed all my available cash. You need be under no apprehension, however; if you will kindly give me your address you shall have a cheque by the first post to-morrow."

I tried to recall what one did to welshers. I seemed to remember that one raised a hue-and-cry, that one tarred and feathered them, and rode them on a rail to a pond. I am, however, constitutionally timid about making my voice heard in public, and I was as short of tar and feathers as he was of ready cash. I had therefore no alternative but to draw out my pocket-case and present him with a card.