AS yet Fielden could not realize it. The thing was so unexpected he found it hard to grasp Joe Raffle's meaning. He was too conventional to have much imagination. He had not thought it possible that fortune could have devised a method of restoring his old prosperity. But after the first shock of discovery it seemed feasible. Similar things had happened before, though, perhaps, not exactly on lines such as these.

And now the position of things as they were at the time he left was coming back to him. He had a vivid recollection of the night when he first stood face to face with ruin, when he knew that he had come to the end of his tether. For Harry Fielden had not drifted into a mess with his eyes shut. He had known that things were getting desperate and had staked pretty well everything on a certain race and his horse had lost. When things came to be settled up there was just enough to pay his creditors in full. He recalled how he sat down one night with pencil and paper and worked out the whole thing fairly and squarely. He had had friends to dinner that evening. It was daybreak before the last hand had been played and Fielden found himself alone to face the dreaded disaster.

How clearly it all returned to him now! He had not felt disposed to sleep, but had gone up to his room in the silent house and refreshed himself with a bath and changed his clothes, after which he had come down to the dining-room again. He had thrown back the curtains and opened the windows to admit the sunshine of a perfect day—the day of his ruin!

But he had done nothing to be ashamed of. He had not disgraced himself, and no friend or tradesman was the poorer for his rashness. So leaving his affairs to the family solicitors, he quietly vanished from the scene of his folly.

He did not know then—indeed, he did not know fully now—that out of a sum of money waiting at his banker's his various subscriptions and racing liabilities were being paid, for it had never occurred to him to withdraw the various orders he had given to his banker.

Obviously Joe Raffle was speaking the truth as to the Blenheim colt, though the other part of the business still remained a mystery. But if he could believe his ears aright, then at that moment he was not an outcast and pauper, but one of the most envied men who had ever set foot upon a racecourse. At the lowest estimate, he was worth five thousand pounds. He could sell the Blenheim colt with all his engagements for such a figure before the day was out. He might return to the old house and restore some of its glories. He might have enough to keep him comfortably, and, above all, acquire a position that would entitle him to go to Sir George Haredale and ask for the hand of his daughter.

This was all very well from one point of view, but there was another side. His prosperity would be Sir George's ruin. Still, the temptation was dazzling, and for a few minutes Fielden was afraid to trust himself to words.

"You have done very wrong, Raffle," he said presently.

Joe scratched his head contritely.

"I know it, sir," he admitted. "I didn't realize how wrong I had behaved till I saw you come in the stable yard, and you could have knocked me down with a feather. But what else could I do? You had gone away and I heard you were dead. I had to believe it, because the man who told me gave me chapter and verse for it, and I felt as if I had lost a child of my own. By-and-by I was comfortably settled in Sir George's employ, having as much money as I needed for my wants, and never, so far as I knew, a single relation in the world. I said nothing about the colt, because I hadn't much opinion of it at first. Then I began to get as fond of Miss May as I used to be of you, sir. An idea came to me one night when I was sitting over my pipe—and, bear in mind, nobody else knew—and that was that, bar accidents, I had a Derby winner in the stable. For Miss May's sake I was willing to do much. There was no chance of anybody finding it out. And, after all, I was doing nothing wrong. You see, in the first place, nobody will be a penny the worse. As to Sir George and yourself, there is no reason why you shouldn't make a large fortune. It makes no difference to me, of course; I am long past troubling about that sort of thing. But now that I know you are alive it is another matter. Still, the colt's keep hasn't been much, and it's only a matter of luck that he don't happen to belong to Sir George. Besides, Sir George is expecting to win a fortune, and he is not the man to grudge you your share. You will have to tell him what I've told you, sir, and if Sir George wants proofs I shall have them ready when the time comes."

"Nobody knows anything of this?" Fielden asked.

"Not a soul, sir," Raffle said solemnly. "Nobody even guesses it, and if you hadn't turned up I should have gone down to my grave with the secret unspoken. Because, as I said before, sir, there's no harm done, and nobody any the worse. But, seeing that you have come back, why, the truth must be told."

"And what will Miss Haredale say?" Fielden asked.

Raffle's face paled perceptibly.

"Ah, well, sir," he said, "that won't be very pleasant. I'd do anything in the world for Miss May, but she isn't you, and that makes a difference. Of course, I know what you would do if you had your own way. You would just say nothing about it and let Sir George put the money in his pocket. You would rather starve than do anything you didn't consider right. I can see it in your face now, I can tell by your eyes. But it isn't going to be, sir. You'll excuse me for speaking so plainly, but I couldn't rest comfortably in my grave if I thought you were in want, when, by every right, you ought to have a fortune in your pocket. It's no use you arguing, Mr. Harry, if you don't tell the truth, I shall."

The old man's voice shook strangely as he spoke. His lips were quivering, but there was an air of determination about him which there was no mistaking. Nobody knew better than Fielden how obstinate Joe Raffle could be. There was nothing to gain by threats, and sternness would be worse than useless.

"I am certain you have acted for the best," Fielden said soothingly. "And, as you say, there is nothing wrong in this little scheme of yours. Why, you might have kept the colt yourself and made a fortune over him. But, to use a pet expression of your own, my dear Joe, what you have told me has knocked me all of a heap. I must have time to think it over. I should be sorry to spoil an interesting situation like this by doing anything rash. Besides, there is plenty of time between now and the Derby—pretty well three months, isn't it? Has the colt any other engagements before Epsom?"

"Only two," Raffle explained. "And then he'll be an eye-opener to some people. Now don't you do anything foolish, sir. If you go the right way about it you've got a hundred thousand pounds in your pocket."

"Oh, I'll do nothing rash," Fielden laughed. "You needn't be afraid of that. But I must have time to think this matter over. I shall stay down here a day or two, though I had intended to go back to London to-morrow. I don't mind so much now that I find nobody identifying me, and there are several things at the house I want to gather together. I had no idea the old furniture was left. I suppose they didn't sell it because they had no instructions from me, and enough was saved from the wreck to pay my creditors without it. I'll come round in the morning and see you again, Joe. To-night I believe I am dining with Sir George. If anybody asks you who I am, you had better say my name is Field; it sounds like Fielden and is easy to remember. Seeing that I am so changed, nobody will connect me with the old family. Now I must be off."

In a thoughtful mood Fielden turned towards the old house. He was glad no one recognized him, for the knowledge was likely to make his task all the easier. He had the key of the house in his pocket. The mansion appeared to have been left exactly as he last saw it. There was not even a caretaker on the premises. The estate around Herons Dyke had long passed into the possession of strangers. It presented a striking contrast to the neglected grounds and grass-covered paths which surrounded the old mansion where, for the last three hundred years, the Fieldens had kept open house and dispensed a lavish hospitality. But those days were gone for ever, they would never come back again, unless, perhaps——

"What a chance!" Fielden muttered to himself. "What a wonderful stroke of fortune! And yet, I don't see how I can do it. There is no honourable course but silence."