“You could ascertain, sir, by speaking to Mr. Eustace on the telephone. He is holding the wire.”

“By Jove, yes!”

I shoved on a dressing-gown, and flew downstairs like a mighty, rushing wind. The moment I heard Eustace’s voice I knew we were for it. It had a croak of agony in it.

“Bertie?”

“Here I am.”

“Deuce of a time you’ve been. Bertie, we’re sunk. The favourite’s blown up.”

“No!”

“Yes. Coughing in his stable all last night.”

“What!”