.

There he was, smiling and chatting, oily and amiable; getting a word
in with any one he could; creeping into intimacy with those who were
not sharp enough to see what he was after; jabbering of horses,--of
which he considered himself a complete judge,--and of shooting,
hunting, and racing, as if the sports of a gentleman had been his
occupation from his youth upwards.

"Well, boys!" said McKeon; "I suppose we're to have an auction.
What's it to be? the owld thing--half-a-crown each, I suppose?"

"An auction, Mr. McKeon!" said the chairman. "What's an auction?"

"We'll show you, Major. All you've to do is to give me half-a-crown."

Now, as many may be as ignorant as Major McDonnell respecting an
auction in sporting phraseology, I will, if I can, explain what it
is.

It has but little reference or similitude to those auctions from
which Sir Robert Peel has removed the duty.

Supposing there may be twenty members, each having half-a-crown; and
six horses to run. Twenty bits of paper are placed in a hat, on six
of which are written the names of the running horses--the others are
blanks--and they are then drawn, as lots, out of the hat. The tickets
bearing the horses' names are sold by the auctioneer; the last bidder
has to pay twice the sum he bids--one moiety to the man who drew
the horse, the other is added to the fund composed of the twenty
half-crowns. After the race, the happy man holding the ticket
bearing the name of the winning horse receives the whole. There are,
therefore, different winners in this transaction; the man drawing
the name of the favourite horse of course wins what is bid for the
ticket; any one drawing the name of any horse would probably win
something, as his chance, if the beast have more than three legs,
must be worth at least five shillings. Such, however, is an auction,
and on the present occasion it was a very animated one.

The thirty half-crowns were now collected and handed over to McKeon;
the names of the eight horses expected to start scrawled in pencil on
the backs of fragments of race-bills; and those, together with the
blanks, deposited in the hat, which was carried round by one of the
party.

"Ah! now, Pat, come to me last," said Gayner; "I've never any luck
with the first haul; never mind, I'll take it," and he drew a lot,
"and, by the Virgin, Tony, I've got my own mare!"

"Have you got Playful, Gayner?" said a dozen at once. This made their
chance less, for Playful wa