"I prefer," replied Andrew, with his wide grin, "to keep my faith in mankind and horses."

"And I," said Bakkus, "love to realize myself for what I really am, an imbecile, a knave, and a useless craver of money for which I've not had the indignity of working. It soothes me to feel that for all my heritage of culture I am nothing more or less than one of the rabble-rout. I've backed horses ever since I was a boy and in my time I've had a pure delight in pawning my underwear in order to do so."

"It seems to be the height of folly," said sober Andrew.

Bakkus regarded him with his melancholy mocking eyes.

"To paraphrase a remark of yours on the occasion of our first meeting--if a man is not a fool in something he were better dead. At any rate let me show you this fool's playground."

So Andrew assented. They went to Longchamps, humbly, on foot, mingling with the Paris crowd. Bakkus wore a sun-stained brown and white check suit and an old grey bowler hat and carried a pair of racing-glasses slung across his shoulders, all of which transformed his aspect from that, in evening dress, of the broken old tragedian to that of the bookmaker's tout rejected of honest bookmaking men. As for Andrew, he made no change in his ordinary modest ill-fitting tweeds, of which the sleeves were never long enough; and his long red neck mounted high above the white of his collar and his straw hat was, as usual, clamped on the carroty thatch of his hair. For them no tickets for stands, lawn or enclosure. The far off gaily dressed crowd in these exclusive demesnes shimmered before Andrew's vision as remote as some radiant planetary choir. The stir on the field, however, excited him. The sun shone through a clear air on this late meeting of the season, investing it with an air of innocent holiday gaiety which stultified Bakkus's bleak description. And Andrew's great height overtopping the crowd afforded him a fair view of the course.

Bakkus came steeped in horse-lore and confidently prophetic. To the admiration of Andrew he ran through the entries for each race, analysing their histories, summarizing their form, and picking out dead certainties with an esoteric knowledge derived from dark and mysterious sources. Andrew followed him to the booths of the Pari Mutuel, and betting his modest five franc piece, on each of the first two events, found Bakkus infallible. But on looking down the list of entries for the great race of the day he was startled to find a name which he had only once met with before and which he had all but forgotten. It was "Elodie."

"My friend," said Bakkus, "now is the time to make a bold bid for a sure fortune. There is a horse called Goffredo who is quoted in the sacred inner ring of those that know at 8 to 1. I have information withheld from this boor rabble, that he will win, and that he will come out at about 15 to 1. I shall therefore invest my five louis in the certain hope of seventy-five beautiful golden coins clinking into my hand. Come thou and do likewise."

"I'm going to back Elodie," said Andrew.

Bakkus stared at him. "Elodie--that ambulatory assemblage of cat's meat! Why she has never been placed in a race in her life. Look at her." He pulled Andrew as near the railings as they could get and soon picked her out of the eight or nine cantering down the straight--a sleek, mild, contented bay whose ambling gentleness was greeted with a murmur of derision. "Did you ever see such a cow?"