SIR,--If Lord Stilton had not been my father's friend and a much older man than myself, I would pull his nose for the impudent letter he has written about me. The running of my filly in the Derby is an instance of the uncertainty of fortune, by which I am the greatest loser. I was convinced by a trial which I saw with my own eyes between Full Moon and Vanity Girl that the former did not stand a chance against the filly. It was I who insisted upon scratching him for the Derby so that the public might be spared the unpleasant doubt that always exists when an owner runs two horses in the same race. I sold the colt shortly after this trial to Mr. Houston, because I wished to put every halfpenny I could raise upon Vanity Girl. When I say that Mr. Houston is so little a friend of mine that I was unfortunately compelled to horsewhip him in his rooms on the day after the Derby, it will be understood even by Lord Stilton that there can be no possible suggestion of any collusion between myself and Mr. Houston. I do not know if Lord Stilton seriously means to insinuate that I have benefited by Full Moon's victory in the Grand Prix. If he does, the insinuation is cowardly and unjust. If Lord Stilton is so much concerned for the future of English sport, let him think twice before he hits a man who is down. Full Moon did not carry a halfpenny of my money. I am, sir, etc., CLAREHAVEN. This letter, with the reference to Lord Stilton's nose excised by a judicious editor, rehabilitated Tony in the eyes of the public and earned him a gracious apology from Lord Stilton, who also had to apologize much less graciously to Houston and Starkey, being threatened with legal proceedings unless he did so. Had there been the least chance of substantiating the ugly rumors, both earls might have gone to law; unfortunately legal advice said that neither of them stood a chance with the astute pair, and public opinion contented itself with compassion for the gallant young nobleman who had been thus victimized. It may have been the victory of Full Moon in the Grand Prix with its suggestion of what might have been, or it may have been only the invincible optimism of the gambler, that started Tony off again upon his vice. When by the middle of July he and Dorothy found themselves with the rent of the flat paid up to Michaelmas, with enough furniture and enough clothes for present needs and with £250 in ready money, he told Dorothy that their only chance was for him to make money at cards. It was in vain that she argued with him; he seemed to have learned nothing from this disastrous summer, and with £100 in his pocket he went out one night, to return at six o'clock the next morning with £1,000.