If Kami-Bey had seen an emissary of his sovereign enter the room carrying the fatal bow-string he would not have seemed more terror-stricken. He sprang nervously on to his short, fat legs, his eyes wildly dilating and his hands fluttering despairingly. “Don’t speak so loud! don’t speak so loud!” he exclaimed, imploringly. As he did not even attempt to deny it, the truth of the assertion might be taken for granted. But Pascal was not content with this. “Now that we know the fact, I hope, Prince, that you will be sufficiently obliging to tell us how it all happened,” he remarked. Poor Kami. He was in despair. “Alas!” he replied, reluctantly, “nothing could be more simple. I wanted to set up a racing stable. Not that I care much for sport. I can scarcely distinguish a horse from a mule--but morning and evening, everybody says to me: ‘Prince, a man like you ought to make your name celebrated on the turf.’ Besides I never open a paper without reading: ‘Such a man ought to be a patron of the noblest of sports.’ At last, I said to myself: ‘Yes, they are right. I ought to take part in racing.’ So I began to look about for some horses. I had purchased several, when the Marquis de Valorsay proposed to sell me some of his, some that were very well known, and that had--so he assured me--won at least ten times the amount they had cost him. I accepted his offer, and visited his stables, where I selected seven of his best horses and paid for them; and I paid a good round price, I assure you. Now comes the knavery. He has not given me the horses I purchased. The real animals, the valuable ones--have been sold in England under false names, and although the horses sent to me may be like the others in appearance, they are really only common animals, wanting both in blood and speed.” Pascal and the baron exchanged astonished glances. It must be confessed that frauds of every description are common enough in the racing world, and a great deal of dishonest manoeuvring results from greed for gain united with the fever of gambling. But never before had any one been accused of such an audacious and impudent piece of rascality as that which Kami-Bey imputed to Valorsay. “How did you fail to discover this at the outset, prince?” inquired Pascal in an incredulous tone. “Because my time was so much occupied.” “But your servants?” “Ah! that’s another thing. I shouldn’t be at all surprised if it were proved that the man who has charge of my stables had been bribed by the marquis.” “Then, how were your suspicions aroused?” “It was only by the merest chance. A jockey whom I thought of employing had often ridden one of the animals which I fancied myself the owner of. Naturally, I showed him the horse, but he had no sooner set eyes on it than he exclaimed: ‘That the horse! Never! You’ve been cheated, prince!’ Then we examined the others, and the fraud became apparent.”