fle of the _elan_ which meant a win.

While Murchie and the jockey were talking outside to Broadhurst, Kennedy
slipped into the stall to look at the racer.

"Stand over by that side of the door, Walter," he muttered. "I'll be
through in just a minute. I want you to act as a cover."

Quickly he jabbed the hypodermic into the horse and pressed down the
plunger.

Lady Lee reared and snorted as she had done before when he extracted the
blood, and instantly Murchie and McGee were crowding past me. But the
instant had been long enough for Kennedy. He had dropped the hypodermic
into his pocket and was endeavoring to soothe the horse.

"I guess she's not very much used to strangers," he remarked coolly. No
one thought any more of it, apparently.

A few minutes later, Broadhurst rejoined Kennedy and myself. I could see
that his face showed plainly he was greatly worried.

"I don't understand it," he kept repeating. "And what is worse, the news
seems to have leaked out that Lady Lee isn't fit. The odds are going
up."

Kennedy looked at him fixedly a moment.

"If you want to win this race, Mr. Broadhurst," he remarked in a low
tone, "I should advise you to watch Lady Lee every minute from now until
the start."

"What do you mean?" whispered Broadhurst hoarsely.

"I can't say yet--only watch."

While Broadhurst and Kennedy hovered about the stall on one pretext or
another, watching both Murchie and McGee as they directed the rubbers
and others who were preparing for the race, I watched the trainer and
the jockey minutely. They certainly did nothing, at least now, to excite
suspicion. But might not the harm have already been done? Was it too
late?

When the bell sounded the paddock call, McGee led the racer out of the
stall and to the paddock. Presently the field, Lady Lee at the fore,
walked past the grandstand and cantered slowly down the course to the
starting-post.

Meanwhile, following Broadhurst, we had already made our way over to the
club-house enclosure.

It was not like the old days when there was money everywhere, thousands
of dollars in plain sight, in the cash-boxes of the bookmakers, when men
rushed wildly about with handfuls of bills of large denomination and
bets were made with frequent rapidity. And yet there was still a certain
maelstrom of the betting-ring left; but the bookmakers had to carry
everything in their heads instead of setting it down on paper. I knew
the system, and knew that, in sp