"But it isn't so bad as if it were our boat that was behind," he said sensibly.

"Oh, no; of course not. But I maintain that it injures the fine fleur of enjoyment to remember that there are two participants in a contest."

"I suppose it is useless to expect you to be logical—"

"Quite. I know enough to be entirely sure I'd rather be picturesque."

"But let me assure you, that in desiring that there should be but one participant in a contest, you are striking at the very root of all successful athletic exhibitions."

She shrugged her shoulders a little.

"Oh, well, if you like to air your powers of irony at the expense of such painful literalness!"

"The exuberance of my style has been pruned down to literalness by the relentless shears of a cold world. With you, of course,"—but he was interrupted by the shouts of the crowd, as the winning boat neared the goal. The former enthusiasm had been the soft breathings of approval compared to this outbreak of the victorious. Flags, hats, handkerchiefs rose in the air, and the university cheer echoed, re-echoed, and began again.

Arnold cheered also, with an energy not to be deduced from his hitherto calm exterior, standing up on the seat and shouting with undivided attention; and Miss Normaine waved her silk handkerchief and laughed in response to the bursts of youthful joy from the seat in front of her.

"Oh, well," said Arnold, sitting down again, "sport is sport for both sides, whoever wins—or else it isn't sport at all."