having something 'up their sleeve,' and so on; mysterious hints in the papers, and all that, as to something revolutionary being in hand with the 'Avalanche' people. Perhaps there is. But why they don't fetch it out in view of the public subscription for shares is more than I can understand, unless they don't want too much of a rush. And as to that, well they don't look like modestly shrinking from anything of that sort up to the present."
They were at the track soon after seven o'clock, but Gillett was not yet riding. Dorrington remarked that Gillett appeared to begin late.
"Well," Stedman explained, "he's one of those fellows that afternoon training doesn't seem to suit, unless it is a bit of walking exercise. He just does a few miles in the morning and a spurt or two, and then he comes on just before sunset for a fast ten or fifteen miles—that is, when he is getting fit for such a race as Saturday's. To-night will be his last spin of that length before Saturday, because to-morrow will be the day before the race. To-morrow he'll only go a spurt or two, and rest most of the day."
They strolled about inside the track, the two highly "banked" ends whereof seemed to a near-
