He waved his hand toward Galway.

“His opponent is Frank Merriwell, all-round champion at anything and everything.”

A wave toward Merry.

“The fight will be in three-minute rounds, with half-minute intermissions, both men to defend themselves in the breakaway. They will fight to a finish.”

“Hoop-la! Yow! Yow!” yelled the students. “’Rah for Darby, the referee!”

The timekeeper had his watch in his hand. Suddenly he struck the gong that hung suspended at one side of the raised platform.

Galway strode forward to the centre of the ring.

Merry advanced with a shuffling, unsteady step.

“It’s a shame to take the money!” muttered Fillmore. “Why, the fellow is all in now! Husker can put him out with one punch.”

“Sure he can,” agreed Hackett.