Yes, he wanted to surprise you.
3 seconds sound clip from the The Milky Way (1936) movie soundboard.
You can hear this line at 01:16:02 in the DVD version of the movie.
Quote context
[...]
- This really does complicate things.
- You're taking care of all of Speed's money, aren't you?
- Well, your account is Burleigh's, too and Burleigh drew it all out.
- Yes, he wanted to surprise you.
- He took all of Speed's money and bet it on himself to win.
- Wait a minute. Give it to me again. Never mind. I heard you. Come on!
- Hey, driver. See if you can beat that signal.
[...]