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Brighton, on the breezy downs, Sir Lester won a couple of races, and as Topsy Turvy had no difficulty in beating these horses on the training track they were all sanguine of success.

Captain Seagrave came to Lewes, and Jack introduced him to Caleb Kenley.

"I have heard of you," said the trainer, "and am glad to meet you. The Lewes folk were very proud of you when you stood by the 'Northern Star' and rescued all her crew, at the risk of losing your ship and everyone in it. You see we did not forget you were born here, and I assure you we thought a lot of your bravery."

"I should have been a coward to leave them in the lurch; it was risky, but it's no more than one seaman ought to do for another," replied Seagrave.

"Men do not always act as you did, and I maintain you deserved a lot more credit than you received for that job."

"Seamen often risk their lives to save others, and no one hears anything about it. We consider it part of our ordinary work," replied the captain.

The trainer afterwards gave Jack Redland a full account of Captain Seagrave's action, and it enhanced his respect for the man, whom he already liked.

Lewes is a popular meeting, and there are several races for gentlemen riders. Jack, however, determined to accept no mounts, except on Topsy Turvy, although he had several offers. He intended to keep himself fresh for that event as so much depended upon it.

In the paddock he introduced Captain Seagrave to Sir Lester and Winifred, and the skipper at once divined this was the young lady Jack Redland had in view. He admired his choice, and Winifred's affable manner towards him increased his respect for Jack's judgment. Sir Lester was amused at the captain and thought that after all Jack was not far wrong in selecting the "Golden Land" to voyage in to Fremantle.

Topsy Turvy looked as fit as hands could make him, but he had top weight, and there were half a dozen good horses in the race. Speculation on the Welter, as a rule, was not extensive, but on this occasion the bookmakers fielded liberally, and the odds against Sir Lester's horse were five to one. At this remunerative figure he secured five hundred to a hundred on Jack's account, while Captain Seagrave plunged to the extent of a ten pound note, a reckless proceeding he had never been guilty of before.

He handled the note tenderly, and sighed as he gave it to the layer of odds, who plunged it with indifference into his capacious bag.

"He thinks no more of it than of a bit of waste-paper," thought the captain. "I wonder if the day will come when I can bundle ten pound notes into my pocket like that. If Topsy Turvy wins I shall have fifty to the good, and shall know what it is to be rich."

Bibury was favourite at even money, and as he had recently won a big race, the majority of backers fancied the race was good for him. Marco and The Duke were also well backed, as were all the others, seven runners appearing on the board.

The owner of Bibury, a clever amateur, was riding his horse, and he advised Sir Lester to back it.

"Topsy Turvy is a good horse," he said, "but I do not think he has much chance of giving the weight away to my fellow. I hear Jack Redland is going out to Australia. I'm sorry, he is a real good fellow."

"This will be his last mount in England for some years, I expect," replied Sir Lester, "but I hope to see him carry my colours again when he returns. You seem confident about Bibury; I may tell you my horse was never so well as he is at present, and he will give you a good race."

Winifred was talking to Jack as he prepared to mount. She was very anxious for him to win, as she knew the five hundred pounds would be very useful to him.

"You must win, Jack," she said. "It will be the last time I shall see you carry the old colours."

"I hope not," he replied cheerfully. "I do not mean to remain away for ever."

"But we cannot tell what may happen in the meantime," she said, rather sadly.

He got into the saddle, and bending down to her, saidβ€”

"You need have no fear of anything untoward happening. I shall always think of you wherever I am, and come back to you as soon as I can."

She watched him ride away, and said to herselfβ€”

"Poor Jack, I wish he would remain here. How I shall miss him."

Topsy Turvy dashed down the course, pulling double, and there was no mistaking the resolute style in which he galloped.

"He's a beauty," muttered Captain Seagrave, "they are a well matched pair, how well he rides; bound to win I should say. I have another fiver, I may as well go the whole hog and risk it. Job Seagrave, you are a fool."

This time he had to be contented with four to one, and he grumbled at the price.

The bookmaker informed him the odds were good, and that if he did not like four's he could go without.

It was a pretty race, and the horses were all well together for the first mile, The Duke leading the field.

Jack knew the course well, the run in has a curious dip, not far from the winning post, and as Topsy Turvy possessed any amount of stamina it was here he would show to advantage. They had half a mile to go and the rider of the favourite went up level with The Duke, Jack keeping close behind on Sir Lester's horse.

Captain Seagrave enjoyed racing, but he was not a good judge of horses in running, and he fancied Topsy Turvy ought to be nearer the leaders. He had fifteen pounds on the race, and all he had left in his pocket was an odd sovereign and a few silver coins. He commenced to lecture himself on the follies of speculating and said he would have been much better off had he locked himself in his cabin, and did the same with his money in his locker.

"It will teach me a lesson," he said. "I'll never make another wager. I wish I had not come near the blessed course. It's not his fault, he thought the horse would win right enough, butβ€”β€”"

He stopped short as he caught sight of the black jacket and orange sleeves coming with a rush on the outside. His tone changed at once.

"He's going to win, by all that's wonderful he's winning. I wish I had more money on. Let me see. Fifty and twenty, that's seventy, not a bad little haul."

Bibury was still in the lead, and again the gallant skipper quaked in his shoes. He was far more excited than when he rescued the crew of the "Northern Star" in the midst of a raging sea. He was used to the howling of the winds and the roar and lashing of the waves, but the turmoil of the racecourse was new to him.

Winifred watched the finish eagerly, she wondered if Topsy Turvy would get up and beat the favourite. The dip was reached, and the stiff pinch began. Gradually Topsy Turvy drew nearer to Bibury and despite his weight held his own.

The excitement was intense. Captain Seagrave shouted, and the sound almost deafened the man standing next to him; he moved away, calling the skipper anything but polite names. This had no effect upon Job, who waved his arms frantically and cleared the space near him.

Nearer and nearer Topsy Turvy stole up to Bibury, until they were neck and neck, then came the supreme moment, when, for a second or two, the result hung in the balance.

It was all overβ€”the black and orange went to the front, and Sir Lester's horse had won for the second time.

Jack Redland was glad it was over, he had seldom ridden a better, or harder race, for it had taken him all his time to beat Bibury. Thanks to Sir Lester he had won five hundred pounds, and in his present position it seemed like a fortune. He rode into the weighing enclosure and dismounted, Sir Lester and Winifred congratulating him on the result.

"It was a close shave," he said, as he came out of the weighing-room, with the saddle on his arm, "closer than anyone imagines. I had to ride my hardest to beat Bibury, he is a good horse. It was the dip at the finish did it, Topsy Turvy has more stamina than the other one."

"At any rate you won, and rode a capital race. Will you take that jacket out with you, it may come in useful, bring you good luck," said Sir Lester.

"It will be a delightful souvenir," said Jack.

"And I will work a forget-me-not on it if you wish," said Winifred.

"Do, please," answered Jack, "that will serve to remind me of many things in the dear old land."

Captain Seagrave was beside himself with delight. He drew his money, counting it over and over again to make sure it was right. Then he sought out Jack Redland and shook his arm with tremendous force.

"Seventy pounds. That's what I have won. Only think of it. My lad, we'll live in clover this trip, I tell you. Where's the horse, let me have a look at him."

"There he is," replied Jack, highly amused. "Mind he does not shiver your timbers with his heels, he has a nasty habit of lashing out."

Captain Seagrave patted the horse, and gazed at him admiringly, he thought Topsy Turvy the most beautiful creature he had ever seen; had he lost probably his interest in the animal would have diminished considerably.

Harry Marton, in London, anxiously awaited the result of the race. He had put a couple of pounds on, more than he could well spare, and if he won he meant to obtain some necessary additions to his outfit.

He bought an evening paper, but it was too early, "all the winners" were not in yet. Later on he bought another, and put it in his pocket. He wanted to look at it where no one would observe him. He went down a side street off the Strand and turned into one of the gardens on the Embankment, where he sat down.

Slowly he drew the paper out of his pocket, and opened it. He read the result of the first race, then went down the list. "Ah, here it is!" he exclaimed. "Sir Lester Dyke's Topsy Turvy (Jack Redland)!" He waved the paper aloft, to the astonishment of two sedate old gentlemen near by. He had won ten pounds, and that meant much to him. He blessed the name of Topsy Turvy and wondered how Jack Redland had got on, and the skipper. Anyway, it was a downright good commencement, no doubt they would encounter many reverses in time to come, but they had started with a success and that meant a good deal.

There was nothing of the gambler about him. He had merely risked the money, on Jack's advice, and he had won. He had no inclination to try and make it into more by similar means. The "little bit on" had done him no harm, and the excitement had done him good.

Harry Marton knew what gambling meant in stocks and shares, and that this form of speculation was far more baneful than a small investment on a race. His father's downfall could be traced to the former, there was no danger of the son allowing himself to be snared in the same net. He would not have been much worse off had he lost his two pounds, he was far better off now he had won ten. It was with a light heart he went home that night and slept soundly, until the din of the traffic awoke him in the morning.

Captain Seagrave returned from

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