For some years before his departure for South Africa he had followed racing from one course to another. Though he had never done anything deliberately dishonest, he was up to every dodge, always seemed to have money in his pocket, and was invariably well dressed. The fact that his mother had belonged to one of the leading Romany tribes Phillips found greatly to his advantage. He was never above passing the time of day with such nomads as he encountered, and more than once had benefited by this politeness. Had he ever wanted a useful and faithful tool, something uncommonly smart in the way of a human ferret, he knew where to put his hand on such a person. Strange as it may seem, there was never a great fraud connected with the turf that was not freely whispered amongst its humble followers long before it reached the ears of the authorities. More than once Phillips had listened to the outline of a story which would have astonished the magnates of the Jockey Club if they could have heard it. And it was by such means that he had managed to pick up the threads of a plot which, before long, seemed likely to promise sensational disclosures. It was an additional satisfaction to Phillips to know that the main persons in this plot were his old enemies Raymond Copley and Foster. He had followed up the clues in his patient way, and at last had something really definite to go upon. It might be inferred that Phillips already had these two in the hollow of his hand. But he had learnt patience in the hard school of adversity, and had no intention of throwing away the chance of making money for the mere sake of revenge. At any moment he might have pricked the glittering bubble which Copley had blown, and laid both scoundrels by the heels in gaol, but that would have entailed loss of time and a considerable sojourn in South Africa, without any material return beyond that of triumph over his enemies. Now he was beginning to see a way to crush both Copley and Foster, and fill his own pockets at the same time. He was not without his peculiar code of honour. Harry Fielden had defended him at one time and he was not going to forget it. Fielden would have been astonished to learn how much Phillips knew about his affairs. He knew, for instance, all about May Haredale. He knew that Copley was infatuated with the girl and was prepared to go any lengths to make her his wife. He knew too, pretty well what was in old Raffle's mind, and chuckled as he thought of it. And now the time had come to fire the first shot.