Burroback Valley insisted that the main points of racing law should be obeyed to the letter.

Bud collected his winnings, the Scotch in him overlooking nothing whatever in the shape of a dollar.

Then, under cover of getting his smoking material, he dared bring out Marian's note.

There were two lines in a fine, even hand on a cigarette paper, and Bud, relieved at her cleverness, unfolded the paper and read while he opened his bag of tobacco.

The lines were like those in an old-fashioned copy book: "Winners may be losers.