He was sure the men were superior to those in the Harvard boat.

Harvard begins to gain. That strong, steady stroke is telling. It looks as if the crimson lads were going to pull away from the blue with ease.

Collingwood does not allow himself to get excited in the least. He keeps his men steadily at work, husbanding their strength as far as possible.

"'Rah! 'rah! 'rah! Harvard! Harvard!" roared the crowd.

Frank Merriwell was working perfectly with the rest, and no one could imagine from his appearance that every stroke seemed to drive a keen knife from his wrist to his elbow. His face was very pale, but that was all.

At the end of the first mile Harvard was two lengths in advance, and seemed to be gaining. Still Yale worked steadily, showing no signs of excitement or alarm.

The crowds on the yachts were waving hats and handkerchiefs and flags. They cheered and yelled and hooted like human beings gone mad. It was a scene of the wildest excitement.

It had become plain to all, despite the fact that Harvard had a lead, that the race was to be a stern one. Yale was out to win, if such a thing "lay in the wood."

When the second mile was passed Harvard was still another length in advance. But Yale was beginning to work up steadily, forcing Harvard to a more desperate struggle to hold her advantage.