Walter grew more and more nervous as the time slipped away and the signal was hoisted up the river that in five minutes the race would be on. His father looked at him curiously, conscious that the boy was unduly excited over something more than the race.

But when the signal went up, Douglas was absorbed with all the rest of the howling, jumping, gesticulating crowd of undergraduates.

A gun went off up the river. The white smoke puff rose gracefully above the trees on the bank. The course was a straight-away three miles. Two thin black streaks side by side on the water began to move toward the red and green goal posts, and the great race was on. The minute the starting gun was fired, Paul saw Walter lean forward and put his face in his hands. He then lifted his head, put both hands on the rail of the seat in front of him, and gazed up the river with a look so intense that even the faces about him by contrast were calm. Paul found himself looking oftener at Walter than at the race. From where they sat it was impossible to tell which crew was in the lead. The black streaks up the river grew more distinct and another gun fired sent the news along the course that the first mile of the race had been covered, with Burrton slightly in the lead.

CHAPTER II

WHEN the gun marked the second mile of the race there was not a quarter of a boat's length distance between Burrton and Brainerd, but Burrton was leading. By a system of flag signals, the spectators on the grandstand at the end of the course were informed of the relative situation of the two crews at every quarter mile. Both crews were apparently in good condition and rowing in splendid form. The last mile was always the hardest fought. As the boats began to enter the last quarter of this mile, the excitement rose to the highest pitch. First Burrton made a spurt that put them a boat's length ahead of their rivals. Then Brainerd responded to its coxswain's call and closed up the gap, gradually lapping its bow past the stern of the Burrton shell. Then Burrton drew away again for half a boat's length. Brainerd doggedly clung to that position for a short distance and then began slowly to fall behind, as the boats shot into the last eighth of the mile. Only a hundred yards now, and the race was won for Burrton. Pandemonium reigned on the seats at the goal post end of the course. Shouts of "Carlisle! Carlisle!" rose up through the din of megaphones and screech of whistles from the launches. Paul looked at Walter. The boy had risen, flung his hat up anywhere and was waving his arms like a maniac, screaming out the name of Carlisle, the crack stroke of Burrton. And then, without a second's warning, the big stroke, the hero of the Burrton crew, whose name was on a thousand tongues, suddenly bent forward and collapsed over his oar. The oar itself crashed into the line and the Burrton boat lurched over on the opposite side.

"Row on, row on!" screamed the Burrton coxswain. "Only ten yards to the green and red post."

But Brainerd shot by grimly, her bow slipped past the crippled shell and across the line, a winner by more than a length, and the race was over.

For the first few seconds the Burrton crowd did not realise what had happened. The Burrton's shell swung up sideways to the referee's boat and the crew sat sullenly stooping over their oars. Carlisle lay in a huddled heap, a sorry spectacle for a school hero, while the coxswain scooped up handfuls of water and flung them over him.

Then a hubbub of questions rent the air.

"How did it happen?"