"That's an awfully good bit where the President steals her diamonds There's old Benjy! Hallo, Benjy!""Hallo, Bill, old man!"

This Benjy was a young, clean-shaven creature, whose face and voice and manner were a perfect blend of steel and geniality.

In addition to this young man who was so smooth and hard and cheery, a grey, short-bearded gentleman, with misanthropic eyes, called Stroud, came up; together with another man of Shelton's age, with a moustache and a bald patch the size of a crown-piece, who might be seen in the club any night of the year when there was no racing out of reach of London.

"You know," began young Dennant, "that this bounder"--he slapped the young man Benjy on the knee--"is going to be spliced to-morrow. Miss Casserol--you know the Casserols--Muncaster Gate.""By Jove!" said Shelton, delighted to be able to say something they would understand.

"Young Champion's the best man, and I 'm the second best. I tell you what, old chap, you 'd better come with me and get your eye in; you won't get such another chance of practice. Benjy 'll give you a card.""Delighted!" murmured Benjy.

"Where is it?"

"St. Briabas; two-thirty. Come and see how they do the trick. I'll call for you at one; we'll have some lunch and go together"; again he patted Benjy's knee.

Shelton nodded his assent; the piquant callousness of the affair had made him shiver, and furtively he eyed the steely Benjy, whose suavity had never wavered, and who appeared to take a greater interest in some approaching race than in his coming marriage. But Shelton knew from his own sensations that this could not really be the case; it was merely a question of "good form," the conceit of a superior breeding, the duty not to give oneself away. And when in turn he marked the eyes of Stroud fixed on Benjy, under shaggy brows, and the curious greedy glances of the racing man, he felt somehow sorry for him.

"Who 's that fellow with the game leg--I'm always seeing him about?"asked the racing man.

And Shelton saw a sallow man, conspicuous for a want of parting in his hair and a certain restlessness of attitude.

"His name is Bayes," said Stroud; "spends half his time among the Chinese--must have a grudge against them! And now he 's got his leg he can't go there any more.""Chinese? What does he do to them?"

"Bibles or guns. Don't ask me! An adventurer.""Looks a bit of a bounder," said the racing man.