Chapter I.

WHICH INTRODUCES JOHNNY GAMBLE AND HIS LAST HUNDRED DOLLARS

About the time the winner of the Baltimore Handicap flashed under the wire, Johnny Gamble started to tear up a bundle of nice pink tickets on Lady S. Just then Ashley Loring came by swiftly in the direction of the betting shed. Loring stopped and wheeled when he caught sight of him as did most men who knew him.

"Hello, Johnny! I didn't know you had run over. How are you picking them to-day?"he asked.

"With a dream book,"answered Gamble, smiling;"but I ate lobster last night."

"I didn't know that you cared for the ponies."

"I don't; and it's mutual. Thought I'd take one more whirl, though, before the Maryland governor also closes the tracks for ever. How are you doing?"

"I'm working on a new system,"stated the tall young man with elation."With this scheme, all you have to do is to bet on the right horse. What did you have in the handicap?"

"The off bay over there,"replied Gamble, indicating a team attached to a sprinkling wagon, away on the farther side of the course."Have one of her calling cards, Loring,"and he proffered one of the ex-tickets.

"Lady S?"translated Loring."I cut her acquaintance three bets ago."And, turning just then toward the grandstand, he smiled up into one of the boxes and lifted his hat.

Glancing in that direction, Gamble was shocked to find himself looking squarely into the dark eyes of a strikingly beautiful young woman who stood with her hands resting upon the rail.

"What do you know about Collaton?"he asked; and, in spite of himself, he looked again. The young lady this time was laughing with a group of likable young idlers, all of whom Gamble knew; and, since the startling stranger was occupied, he could indulge in a slightly more open inspection.

"I saw Collaton on the track to-day and he was making some big bets,"replied Loring with a frown."He's not broke, Johnny. He's merely been letting you hold the bag."

"We ll, help me let go. Loring, I must dissolve that partnership."

The young lawyer shook his head.

"No way to do it so long as the books remain lost. Unless one of you buys outright the practically defunct Gamble-Collaton Irrigation Company and assumes all its liabilities, you will remain responsible, since Collaton possesses no visible property. I'm sure that he stung you, Johnny."

"Stung me! I'm swelled up yet."

"It's your own fault. You trusted him too much."

"He trusted me. I sold land."

"Of course he trusted you. Everybody does. Meantime he was out We st incurring obligations. You should have gone into bankruptcy and settled at twenty cents on the dollar when you had a chance, as I advised you."

"Couldn't. I look in the glass when I shave. Anyhow, it's all paid now."

"How do you know, with the books lost? You started in with an equal amount of money. When that was gone Collaton announced himself broke—and let you foot the bills. If he only raked off half of what he spent he got back his own and a tidy fortune besides. Your only chance is to have that enormous land deal turn out a winner."

"It's worse than Lady S. Tore up my ticket long ago."

"Quite a plunge on a long shot, with a welsher like Collator! making the book,"commented Loring."He stripped you clean."

"I have my appetite,"insisted Gamble with a grin. His cheeks were ruddy and his skin as flawless as a babe's, and his eyes—exceptionally large—were as clear as they were direct.

"an Appetite like yours only makes it worse to be broke,"laughed Loring.

"The re's a plenty of money in New York if I want any,"responded Gamble."I don't need money, anyhow, Ashley. I have my mother fixed—and there's nobody else. Besides, I'm not broke. I have a hundred. Do you know a good horse?"

"Nautchautauk,"advised Loring, and they both turned in the direction of the betting shed."The price will probably be short; but I look on it as an investment."

"You can't invest a hundred dollars,"argued Gamble.

"You don't mean to say that a hundred's all you have in the world!"returned Loring."I thought you'd saved a good deal more than that out of the wreck."

"I did; but my brother was broke,"replied Gamble carelessly, and stopped in front of a blackboard. The price on Nautchautauk was one and a half to two."I don't want a bet,"he remarked, shaking his head at the board;"I need an Accident. I wonder if that goat Angora has horns and a beard?"

"People try fifty-to-one shots just before they cut their throats,"warned Loring.

"Hide my safety-razor then. Angora carries my hundred. I'll feed a sawbuck apiece to ten books."

Loring lost sight of him for a few moments, but found him outside, by and by, in conversation with"Colonel"Bouncer, a heavily-jowled man with grizzled hair and very friendly eyes which, however, could look quite cold enough on occasion. The colonel was staring up at the box occupied by the young lady to whom Loring had bowed.

"Bless my soul, I'm getting near-sighted!"he was saying as Loring joined them."Isn't that Paul Gresham up there with Miss Joy?"

"Is that her name?"asked Gamble eagerly."We ll, I believe it."

The colonel turned from him impatiently.

"You know Gresham, don't you, Loring? Is that he up there in that box?"

"That is Saint Paul all right,"answered Loring with a smile, as he glanced up at the prim and precise Gresham, who had now succeeded in fencing Miss Joy in a corner, away from the other young men.

"Thanks,"said the colonel, and walked away abstractedly, his eyes still turning in the direction of the box, although he did not even start to go up into the grandstand.

"The colonel is still bargain-hunting,"observed Loring with a laugh."His shoe-manufacturing business has increased to the point that he must have more space—and he must have it at once. The only available ground is Gresham's adjoining property, which Gresham long ago gave up trying to sell him. The colonel is crazy to buy it now, but he's afraid to let Gresham know he must have it, for fear Saint Paul will run up the price on him. In consequence, he trails the man round like a love-sick boy after an Actress. When he finds Gresham he only looks at him—and goes away. That's only half of the laugh, however. Gresham wants to sell as badly as the colonel wants to buy, but he doesn't know where to find a fancy market. Queer case, isn't it?"

"Yes,"replied Gamble."Who's Miss Joy?"

"For heaven's sake, Johnny, don't say you're hit too—even at long distance!"

"Hit!"repeated Gamble—"I'm flattened out. I'm no lady-fusser, Ashley, but I'm going to buy a new necktie."

"You don't even know she's rich, do you?"asked Loring, looking at him with a curious smile.

"Of course I do!"asserted Johnny."I saw her eyes. Who is she?"

"That's Miss Constance Joy—an orphan worth an exact million dollars; although I believe there is some sort of a string to it,"Loring told him."She lives with her aunt, who is Mrs. Pattie Boyden, and she's so pretty that even women forgive her. Anything else you want to know?"

"Yes. Why do I want to bite Paul Gresham?"

"Hush!"admonished Loring."He is the remnant of one of our very best imported families, and he needs the money. He sells a piece of father's property every year, and he haunts Miss Joy like a pestilence. I think he's mixed up in her million some way or other. Aunt Pattie approves of him very much; she is strong for family."

"I'll bite him yet,"decided Gamble."Say, Loring, how am I going to make a stringless million?"

"If I knew that, I wouldn't be your lawyer,"declared Loring."Excuse me, Johnny; there's a client of mine."