To get all the advantage of being with men of this sort, you must know how to draw your inferences, and not be a spoon who takes things literally. The color of the horse was a dappled gray, and Fred happened to know that Lord Medlicote’s man was on the lookout for just such a horse. After all his running down, Bambridge let it out in the course of the evening, when the farmer was absent, that he had seen worse horses go for eighty pounds. Of course he contradicted himself twenty times over, but when you know what is likely to be true you can test a man’s admissions. And Fred could not but reckon his own judgment of a horse as worth something. The farmer had paused over Fred’s respectable though broken-winded steed long enough to show that he thought it worth consideration, and it seemed probable that he would take it, with five-and-twenty pounds in addition, as the equivalent of Diamond. In that case Fred, when he had parted with his new horse for at least eighty pounds, would be fifty-five pounds in pocket by the transaction, and would have a hundred and thirty-five pounds towards meeting the bill; so that the deficit temporarily thrown on