"Ah! but he does. I came across it only this afternoon. I was coming over the downs, and just as I got round behind Telfer's stables there I saw a fine bay colt, with a white stocking on the off hind leg, well covered up in a suit of clothes, being led up and down by a lad, like a sentry--up and down, up and down--about twenty yards each way, and nobody else about. 'Hullo!' says I to the lad, 'hullo! what horse is this?' 'Janissary,' says the boy--pretty free for a stable-lad. 'Ah!' says I. 'And what are you walking him like that for?' 'Dunno,' says the boy, 'but it's guv'nor's orders. Every afternoon, at two to the minute, I have to bring him out here and walk him like this for half an hour exactly, neither more nor less, and then he goes in and has a handful of malt. But I dunno why.' 'Well,' says I, 'I never heard of that being done before. But he's a fine colt,' and I put my hand under the cloth and felt him--hard as nails and smooth as silk." "And the boy let you touch him?" "Yes; he struck me as a bit easy for a stable-boy. But it's an odd trick, isn't it, that of the half-hour's walk and the handful of malt? Never hear of anybody else doing it, did you?" "No, I never did." They talked and strolled for another quarter of an hour, and then finished up with one more drink. IV The next was the day before the race, and in the morning Dorrington, making a circuit, came to Mr. Warren Telfer's from the farther side. As soon as they were assured of privacy: "Have you seen the man with the red beard this morning?" asked Dorrington. "No; I looked out pretty sharply, too." "That's right. If you like to fall in with my suggestions, however, you shall see him at about two o'clock, and take a handsome rise out of him." "Very well," Mr. Telfer replied. "What's your suggestion?" "I'll tell you. In the first place, what's the value of that other horse that looks so like Janissary?" "Hamid is his name. He's worth--well, what he will fetch. I'll sell him for fifty and be glad of the chance." "Very good. Then you'll no doubt be glad to risk his health temporarily to make sure of the Redbury Stakes, and to get longer prices for anything you may like to put on between now and to-morrow afternoon. Come to the stables and I'll tell you. But first, is there a place where we may command a view of the ground behind the stables without being seen?" "Yes, there's a ventilation grating at the back of each stall."