"He's a beauty!" Jack Diamond uttered the exclamation. He was admiring a horse Frank Merriwell had lately purchased. "He is," agreed Danny Griswold, with his hands thrust deep into his trousers pockets and his short legs set far apart. "But think of paying a thousand dollars!" "He looks like a racer," declared Bruce Browning, who showed unusual interest and animation for a fellow who was known as the laziest man at Yale. "He's got the marks of a swift one," asserted Diamond, walking around the bay gelding, which Frank Merriwell had led out into the middle of the stable floor for inspection. "He is rangey, has clean limbs, and a courageous eye. I shouldn't wonder if he could cover ground in a hurry." "I did not buy him for a racer," asserted Frank. "I purchased him as a saddle horse purely for my own use and pleasure."