"The off bay over there," replied Gamble, indicating a team attached
to a sprinkling wagon, away on the farther side of the course. "Have
one of her calling cards, Loring," and he proffered one of the ex-
tickets.

"Lady S?" translated Loring. "I cut her acquaintance three bets
ago." And, turning just then toward the grandstand, he smiled up
into one of the boxes and lifted his hat.

Glancing in that direction, Gamble was shocked to find himself
looking squarely into the dark eyes of a strikingly beautiful young
woman who stood with her hands resting upon the rail.

"What do you know about Collaton?" he asked; and, in spite of
himself, he looked again. The young lady this time was laughing with
a group of likable young idlers, all of whom Gamble knew; and, since
the startling stranger was occupied, he could indulge in a slightly
more open inspection.

"I saw Collaton on the track to-day and he was making some big
bets," replied Loring with a frown. "He's not broke, Johnny. He's
merely been letting you hold the bag."

"Well, help me let go. Loring, I must dissolve that partnership."

The young lawyer shook his head.

"No way to do it so long as the books remain lost. Unless one of you
buys outright the practically defunct Gamble-Collaton Irrigation
Company and assumes all its liabilities, you will remain