The banks of “silvery-winding Iscam” were thronged with men; between the hours of two and four the sculls were to be tried for, and some 800 of the thousand undergraduates poured out of their colleges by twos and threes to watch the result from the banks on each side.

The first and second guns had been fired, and the scullers in their boats, each some ten yards apart from the other, are anxiously waiting the firing of the third, which is the signal for starting. That strong splendid-looking young man, whose arms are bared to the shoulder, and “the muscles all a-ripple on his back,” is almost quivering with anxious expectation. The very instant the sound of the gun reaches his ear, those oar-blades will flash like lightning into the water, and “smite the sounding furrows” with marvellous regularity and speed. He is the favourite, and there are some heavy bets on his success; Bruce and Brogten and Lord Fitzurse will be richer or poorer by some twenty pounds each from the result of this quarter of an hour.

The three are standing together on the towing-path opposite that little inn where the river suddenly makes a wide bend, and where, if the rush of men were not certain to sweep them forward, they might see a very considerable piece of the race. But directly the signal is given, and the boats start, everybody will run impetuously at full speed along the banks to keep up with the boats, and cheer on their own men, and it will be necessary for our trio to make the best possible use of their legs, before the living cataract pours down upon them. Indeed, they would not have been on the towing-path at all, but among the rather questionable occupants of the grass plot before the inn on the other side of the river, were it not for their desire to run along with the boats, and inspirit the rowers on whom they have betted.

But what is this? A great odious slow-trailing barge looms into sight, nearly as broad as the river itself, black as the ferrugineous ferryboat of Charon, and slowly dragged down the stream by two stout cart horses, beside which a young bargee is plodding along in stolid independence.

“Hi! hi! you clodhopper there, stop that infernal barge,” shouted Bruce at the top of his voice, knowing that if the barge once passed the winning posts, the race would be utterly spoilt.

“St–t–t–topp there, you cl–l–lown, w–w–will you,” stuttered Fitzurse more incoherent than usual, with indignation.

The young bargee either didn’t hear these apostrophes, or didn’t choose to attend to them, when they were urged in that kind of way; and besides this, as the men were entirely concealed from his view by the curve of the river, he wasn’t aware of the coming race, and therefore saw no reason to obey such imperious mandates.

“Confound the grimy idiot; doesn’t he hear?” said Bruce, turning red and pale with excitement as he thought of the money he had at stake, and remembered that the skiff on which all his hopes lay was first in order, and would therefore be most likely to suffer by any momentary confusion. “Come, Brogten, let’s stop him somehow before it’s too late.”

“Let’s cut the scoundrel’s ropes,” said Brogten between his teeth; and at once the three darted forward at full speed, at the very instant that the sharp crack of the final signal-gun was heard.

It so happened that Julian and Lillyston had started rather late for the races, and had come up with the barge just as it had first neglected the summons of Bruce and Fitzurse.