its back the well-known black and red of the Colonel.

"That's not my horse," cried the owner. "That beast
has not a white hair upon its body. What is this that
you have done, Mr. Holmes?"

"Well, well, let us see how he gets on," said my
friend, imperturbably. For a few minutes he gazed
through my field-glass. "Capital! An excellent
start!" he cried suddenly. "There they are, coming
round the curve!"

From our drag we had a superb view as they came up the
straight. The six horses were so close together that
a carpet could have covered them, but half way up the
yellow of the Mapleton stable showed to the front.
Before they reached us, however, Desborough's bolt was
shot, and the Colonel's horse, coming away with a
rush, passed the post a good six lengths before its
rival, the Duke of Balmoral's Iris making a bad third.

"It's my race, anyhow," gasped the Colonel, passing
his hand over his eyes. "I confess that I can make
neither head nor tail of it. Don't you think that you
have kept up your mystery long enough, Mr. Holmes?"

"Certainly, Colonel, you shall know everything. Let
us all go round and have a look at the horse together.
Here he is," he continued, as we made our way into the
weighing enclosure, where only owners and their