"She is pretty well turned out generally, for a fact," the first speaker responded. "But Cyrus Poole's made money enough out of the widow and the orphan this summer to pay for all the gowns his wife can wear this winter, at any rate." It was only when Merrymount Morton had threaded his way half around the horse-show that he first saw a horse there. As he came to the Fourth Avenue end the crowd before him fell away, and a gate in the railing swung back across the promenade, while grooms led out of the arena five or six beautiful stallions. The New England college professor had a healthy liking for a fine horse, and his eyes followed these superb creatures till they were out of sight. Then in the clear space at the far end of the building he saw three coaches, one of them already equipped with its four-in-hand, while the horses were being harnessed to the others. He stood there for a minute or two looking at them with interest. Then he turned his back, and once more began circling about the arena in the thick of the crowd, with no chance of seeing a horse again until he could get to the seat to which his ticket entitled him. He took out the bit of pasteboard and examined it again, and he saw that his place was very near the entrance, only he had gone to the right when he came in instead of to the left. By this time the men and women on exhibition in the boxes had begun to lose the attraction of novelty; and Morton walked on as swiftly as he could make his way through the crowd, wishing to get his seat in time to see the competition of the coaches. He had come almost to the foot of the little flight of steps by which he could reach his seat when he happened to look up, and he caught sight of a familiar face. In a box only a score of feet before him there sat a lady about whose high-bred beauty there could hardly be two opinions. She was probably nearly thirty years old, but she looked fresher than either of the girls by her side. She wore a costume combining studied simplicity and marked individuality; and yet no one who saw her took thought of her attire, for her beauty subdued all things, and made any adornment she might adopt seem as though it were necessary and inevitable. There was a suggestion of stiffness in her carriage, and perhaps a hint of haughtiness; but when she smiled she was as charming as she was handsome. As his eyes first fell upon her Morton's heart gave a sudden thump, and then beat swiftly for a minute or two. Although he had not seen her for nearly ten years, he recognized her instantly. She had changed but little since they had met for the last time. He would have known her anywhere and at once. And if he had been in any doubt as to her identity, it would have been dispelled by the conversation of the two young men who had been walking around the arena just behind him. "Devilish pretty Mrs. Jimmy Suydam looks to-night, doesn't she?" asked one of them.