AS most people are aware, the camp-followers of the turf are a large body whose ways of earning a living are, to say the least of it, peculiar. This noble army numbers folk of all kinds, from the member of a swagger West End club to the humble seller of cards on the various courses. Amongst these, in his place, came Aaron Phillips. If he had been asked, he would probably have said that he was a professional backer of horses, a description which covers a wide field and embraces many methods of getting a living—more or less honestly.

In all likelihood Phillips would have resented the imputation that he was not a sportsman, and have declared emphatically that he was nothing else. He had been connected with racing ever since he could recollect, but had never been across a horse in his life, and would have found it impossible to pick out the good points of an animal. But he was fond of horses in his way. He had heard them talked about for years, and most of the frequenters of his father's public-house were either followers of racing or indirectly mixed up with the "sport of kings." He had been born, too, in the vicinity of a classic course and had always taken the greatest interest in the dramatic side of the turf. There was not an ingenious swindle but he had the details of it by heart.

For some years before his departure for South Africa he had followed racing from one course to another. Though he had never done anything deliberately dishonest, he was up to every dodge, always seemed to have money in his pocket, and was invariably well dressed. The fact that his mother had belonged to one of the leading Romany tribes Phillips found greatly to his advantage. He was never above passing the time of day with such nomads as he encountered, and more than once had benefited by this politeness. Had he ever wanted a useful and faithful tool, something uncommonly smart in the way of a human ferret, he knew where to put his hand on such a person. Strange as it may seem, there was never a great fraud connected with the turf that was not freely whispered amongst its humble followers long before it reached the ears of the authorities. More than once Phillips had listened to the outline of a story which would have astonished the magnates of the Jockey Club if they could have heard it. And it was by such means that he had managed to pick up the threads of a plot which, before long, seemed likely to promise sensational disclosures. It was an additional satisfaction to Phillips to know that the main persons in this plot were his old enemies Raymond Copley and Foster. He had followed up the clues in his patient way, and at last had something really definite to go upon.

It might be inferred that Phillips already had these two in the hollow of his hand. But he had learnt patience in the hard school of adversity, and had no intention of throwing away the chance of making money for the mere sake of revenge. At any moment he might have pricked the glittering bubble which Copley had blown, and laid both scoundrels by the heels in gaol, but that would have entailed loss of time and a considerable sojourn in South Africa, without any material return beyond that of triumph over his enemies. Now he was beginning to see a way to crush both Copley and Foster, and fill his own pockets at the same time.

He was not without his peculiar code of honour. Harry Fielden had defended him at one time and he was not going to forget it. Fielden would have been astonished to learn how much Phillips knew about his affairs. He knew, for instance, all about May Haredale. He knew that Copley was infatuated with the girl and was prepared to go any lengths to make her his wife. He knew too, pretty well what was in old Raffle's mind, and chuckled as he thought of it. And now the time had come to fire the first shot.

He turned out of his lodgings on a sunny Friday in February, and made his way to Russell Square. He was more carefully dressed than usual and wore a dark, quiet-looking suit, with a grey overcoat and felt hat. His gloves were neat, his boots well polished, and, save the horseshoe pin in his white cravat, there was no suggestion of the racing man about him. He turned presently into Kelly Street, and, knocking at the door of a certain house, asked for Major Carden. The Major, he was informed, was just finishing breakfast, but would see Mr. Phillips.

It was the usual room in a lodging-house—shabby Axminster carpet, dingy horsehair furniture, with the inevitable lustres on the mantelpiece. The tablecloth was none too clean, though on it was a vase or two of flowers, tastefully arranged. At one end of the table sat a stout pink-faced person with a carefully-trimmed grey moustache. He was a typical specimen of the retired military man, bluff and hearty in manner, with a pair of faded grey eyes faintly tinged with pink. Evidently, too, he had been accustomed to mix with the best people, as he would have phrased it himself. Probably, he still belonged to a good club, and no doubt found it exceedingly difficult to make both ends meet.

The second person at the breakfast table was an exceedingly pretty girl, who looked none the less refined and attractive because her black dress was of the plainest. She was chattering gaily as Phillips came in. She appeared to have a proper respect and affection for her father, whose words she seemed to hang upon. The Major looked up from the table and nodded genially.

"You are punctual, Phillips," he said. "I am afraid I am a little late this morning. Alice, my dear, this is Mr. Phillips. He is the distinguished journalist I was telling you about last night. We are both connected with the same papers."

As the Major spoke, he winked swiftly at Phillips, and the latter smiled. What the Major was driving at he hadn't the remotest idea.

"Oh, yes," he murmured. "The Major and I are old friends."

The girl smiled pleasantly. She appeared a trifle shy, and gave Phillips the impression that she had no friends, and that her young life was, for the most part, a constant sacrifice for her selfish and dissipated father. She rose presently, and with an excuse left the two men together. Immediately she was gone the Major crossed the room and produced a bottle of brandy, from which he helped himself liberally. Phillips curtly refused.

"I met some old friends last night," the Major said. "I am afraid I was just a little—well, you know how it is." "I do," Phillips said shortly. "But what did you tell that lie for? What have we got to do with journalism?"

"My dear sir, there are times when one must dissemble. I know I am a bit of an old scamp, but, you see, my daughter doesn't know it. I wouldn't for worlds like her to know the life I am leading. She is a good girl and believes in me, and I have managed to give her a fine education. She is the only thing I have in the world to care for. She is the only thing that has kept me from going headlong to the dogs. I daresay when I am done with, some of my relations will look after her. Meanwhile, they take precious good care to keep me at arm's length. I don't blame them, either. I hit upon the journalistic dodge to account for my late hours. I was afraid you might give me away. I am bound to tell you this, and I hope you will respect my confidence. Well, now, what do you want me for? Sit down a minute."

"I have come to put a little money in your way," Phillips replied. "I gave you a hint of what I was after the night before last. They tell me you are a member of the Post Club."

"Oh, yes," Carden replied. "I have managed, somehow or other, to keep myself on the club books. Not that I go to the Post very much, because I can't afford it. If I meet a young friend occasionally who is anxious to see life, I take him there to lunch, on the strict understanding, of course, that he repays me."

"Then I want you to take me there. I would like to lunch there to-day, and I wish you to introduce me to Mr. Rickerby, the commission agent. It is a very simple matter. If you can bring this about and get me half an hour's conversation with Rickerby after lunch, I'll give you a tenner and pay for the lunch besides. There's no risk and no responsibility as far as you are concerned."

The Major pondered the matter.

"What are you up to?" he asked presently.

"That," Phillips said, "is no business of yours. But I assure you that I am up to nothing wrong. Nothing I can say or do will get you into trouble. I don't mind telling you there is a big swindle on foot to rob the leading bookmakers and commission agents and I am trying to expose it. If I do, there will be a good round sum of money for me, and if I fail, I shall be none the worse off. Now, are you game?"

The Major smiled. At that moment ten-pound notes were scarce, and Phillips' offer came in the nature of a windfall. But it was not part of his diplomacy to accept the suggestion too eagerly.

"I think so," he said. "I don't see why I shouldn't accommodate you. Perhaps, later, you might have something else to put in my way."

"Very well, then," Phillips replied. "I need not detain you now. I'll meet you at the club at half-past one."