ive on the programme."

When the result was published Phillips proved to be correct.

CHAPTER XXXIV

NO. 5

"That's it," Phillips exclaimed. "I think we've got it right at last. We
know by the evening paper that Dandy won the Longhill Handicap, which
was the three o'clock race at Mirst Park to-day. We also know that Dandy
is No. 5 on the _Sportsman_ list, all of which goes to prove our case.
It is a smart bit of business, isn't it?"

"Exceedingly smart," Fielden said, "and, to some extent, risky. Whoever
sends the message from Mirst Park is certainly a very good judge of
racing. That telephone signal must have been started before the horse
was past the post."

"Oh, I don't know," Phillips argued. "In a very tight race they would
have to wait to see what the judge had to say. But I am sure that either
of us could spot the winner in ninety-nine cases out of a hundred within
fifty lengths of the post. Therefore, the result would be known in
London and signalled into the Post Club practically at the same instant
that the race was over. I think we shall know how to deal with Mr.
Copley now."

"What are you going to do?" Fielden asked.

"That depends upon circumstances. I don't mind telling you, when I first
came home and found Copley in an apparently good position, I intended to
make money out of him. I didn't feel so keen upon revenge as I used to
feel. It would have been no great satisfaction to me to get him ten
years on the Breakwater, and, besides, I should have had to go out to
the Cape and waste several months there. That is why I decided to hit
him through his pocket. But I had to be careful, because I had a
dangerous man to deal with and I didn't relish the idea of a prosecution
for blackmail. That is one of the reasons why I went into this business.
When I speak, I shall lay Copley by the heels without taking any trouble
and probably without appearing in the matter. I shall have the
satisfaction of sending him to gaol, and I shan't have to go out of the
country at all."

"You can't make anything out of this," Fielden reminded him.

"Of course not. If I were to go to Copley to-day and tell him what I had
discovered he would give me a few thousand pounds to keep my mouth shut
and, sooner or later, when the dodge is found out, as it must be, I
should figure in the dock with the others. It is too dangerous a game.
Still, when I come to think of it, sir, you are somewhat in my debt."

"Perhaps I am