'Ah, the price must be left to a third party,' said Jack. 'The principle of the thing is this,' continued he, enlisting the aid of his fingers to illustrate his position: 'Mr. Pacey, here,' said he, applying the forefinger of his right hand to the thumb of the left, looking earnestly at Sponge, but in reality squinting up at the chandelier--'Mr. Pacey here challenges your horse Multum-in-somethin'--I forget what you said you call him--but the nag I rode to-day. Well, then,' continued Jack, 'you' (demonstrating Sponge by pressing his two forefingers together, and holding them erect) 'accept the challenge, but can challenge anything Mr. Pacey has--a horse, dog, gun--anything; and, having fixed on somethin' then a third party' (who Jack represented by cocking up his thumb), 'any one you like to name, makes the award. Well, having agreed upon that party' (Jack still cocking up the thumb to represent the arbitrator), 'he says, "Give me money." The two then put, say half a crown or five shillin's each, into his hand, to which the arbitrator adds the same sum for himself. That being done, the arbitrator says, "Hands in pockets, gen'lemen."' (Jack diving his right hand up to the hilt in his own.) 'If this be an award, Mr. Pacey's horse gives Mr. Sponge's horse so much--draw.' (Jack suiting the action to the word, and laying his fist on the table.) 'If each person's hand contains money, it is an award--it is a deal; and the arbitrator gets the half-crowns, or whatever it is, for his trouble; so that, in course, he has a direct interest in makin' such an award as will lead to a deal. _Now_ do you understand?' continued Jack, addressing himself earnestly to Sponge. 'I think I do,' replied Sponge who had been at the game pretty often. 'Well, then,' continued Jack, reverting to his original position, 'my friend, Mr. Pacey here, challenges your chestnut.' 'No, never mind,' muttered Pacey peevishly, in an undertone, with a frown on his face, giving Jack a dig in the ribs with his elbow. 'Never mind,' repeated he; '_I_ don't care about it--_I_ don't want the horse.' 'But _I_ do,' growled Jack, adding, in an undertone also, as he stooped for his napkin, 'don't spoil sport, man; he's as good a horse as ever stepped; and if you'll challenge him, I'll stand between you and danger.' 'But he may challenge something I don't want to part with,' observed Pacey. 'Then you've nothin' to do,' replied Jack, 'but bring up your hand without any money in it.' 'Ah! I forgot,' replied Pacey, who did not like not to appear what he called 'fly.' 'Well, then, I challenge your chestnut!' exclaimed he, perking up, and shouting up the table to Sponge. 'Good!' replied our friend. 'I challenge your watch and chain, then,' looking at Pacey's chain-daubed vest. 'Name _me_ arbitrator,' muttered Jack, as he again stooped for his napkin. 'Who shall handicap us? Captain Guano, Mr. Lumpleg, or who?' asked Sponge.