No amusement, except perhaps cricket, seems so popular as racing, yet out of every hundred people who attend Epsom, Ascot, or Doncaster, do you suppose five know one favourite from another, or, indeed, ever look at the noble animal, except he shows temper in his canter before the start? Helen Hallaton, though she dearly loved a horse, could not even have told you how many were going for the race about to commence as she took up her station on the Course; and yet the pretty pageant, bright and blooming like a June flower-bed, passed under her very nose. But she could have given a clear account of the masterly manner in which Frank Vanguard brought his coach into the enclosure; how he laid it alongside Viscount Jericho's, with as much pomp and little less manoeuvring than moors an iron-clad at regulation distance from her consort; with what easy magnificence he flung his reins to right and left, condescendingly facetious the while with sundry muscular cads, who put their shoulders to the wheels and deftly extracted the pole. She could have told you how he leaped like a Mercury from his box, how carefully he laid aside his whip in its case, how with a silk handkerchief he dusted his white hat, his shirt-front, his curling moustaches, and the places where his whiskers were coming fast; lastly, how he took from the inside of the coach a beautiful little nosegay, daintily tied up, and stuck it into his button-hole, causing her to admit in her own mind that she wouldn't mind wearing one of those flowers herself, if she could have it without its being given her. Of all this, I say, Miss Hallaton made accurate note; but I doubt if she had an idea of Mr. Picard's team, though it came next; of his flash-looking load, with a _loudish_ lady on the box; of his blue coach, his red wheels, his well-dressed servants, or the workman-like pull up which brought the whole thing to an anchor, and was, indeed, one of the best performances of the day. And now a dozen two-year-olds, after a dozen false starts, have run off their five furlongs with the speed of an express train, and "the Termagant filly," overpowering her jockey, a little bundle of pink satin and puff, huddled up on her back, has won by a neck. There is a lull till the numbers are up for the next race, and even the Ring, hungry, insatiate, roaring like the ocean, has subsided into a momentary calm. Sir Henry takes a cigar from a gorgeous case, and turns to his daughter. "Backed her for her blood, Nell," says he; "they're all speedy, but they can't stay. Only a pony--that's better than nothing, however." "How _can_ you, papa?" replies Nell. "It's wicked of you to bet, though you _do_ generally seem to win." Helen draws the usual distinction as to the immorality of gambling. To win is less than folly, to lose is more than sin. I do not think though that Sir Henry was equally confiding about his wagers when his judgment had been at fault. He seemed in the best of humours now.