The Golden Gate Arena was new. This was its first fight, and it was the biggest building of the kind San Francisco had ever erected. It seated twenty-five thousand, and every seat was occupied. Sports had traveled from all the world to be present, and they had paid fifty dollars for their ring-side seats. The cheapest seat in the house had sold for five dollars.

The old familiar roar of applause went up when Billy Morgan, the veteran announcer, climbed through the ropes and bared his gray head. As he opened his mouth to speak, a heavy crash came from a near section where several tiers of low seats had collapsed. The crowd broke into loud laughter and shouted jocular regrets and advice to the victims, none of whom had been hurt. The crash of the seats and the hilarious uproar caused the captain of police in charge to look at one of his lieutenants and lift his brows in token that they would have their hands full and a lively night.

One by one, welcomed by uproarious applause, seven doughty old ring heroes climbed through the ropes to be introduced. They were all ex-heavy-weight champions of the world. Billy Morgan accompanied each presentation to the audience with an appropriate phrase. One was hailed as “Honest John” and “Old Reliable,” another was “the squarest two-fisted fighter the ring ever saw.” And of others: “the hero of a hundred battles and never threw one and never lay down”; “the gamest of the old guard”; “the only one who ever came back”; “the greatest warrior of them all”; and “the hardest nut in the ring to crack.”

All this took time. A speech was insisted on from each of them, and they mumbled and muttered in reply with proud blushes and awkward shamblings. The longest speech was from “Old Reliable” and lasted nearly a minute. Then they had to be photographed. The ring filled up with celebrities, with champion wrestlers, famous conditioners, and veteran time-keepers and referees. Light-weights and middle-weights swarmed. Everybody seemed to be challenging everybody. Nat Powers was there, demanding a return match from Young Glendon, and so were all the other shining lights whom Glendon had snuffed out. Also, they all challenged Jim Hanford, who, in turn, had to make his statement, which was to the effect that he would accord the next fight to the winner of the one that was about to take place. The audience immediately proceeded to name the winner, half of it wildly crying “Glendon,” and the other half “Powers.” In the midst of the pandemonium another tier of seats went down, and half a dozen rows were on between cheated ticket holders and the stewards who had been reaping a fat harvest. The captain despatched a message to headquarters for additional police details.

The crowd was feeling good. When Cannam and Glendon made their ring entrances the Arena resembled a national political convention. Each was cheered for a solid five minutes. The ring was now cleared. Glendon sat in his corner surrounded by his seconds. As usual, Stubener was at his back. Cannam was introduced first, and after he had scraped and ducked his head, he was compelled to respond to the cries for a speech. He stammered and halted, but managed to grind out several ideas.

“I’m proud to be here to-night,” he said, and found space to capture another thought while the applause was thundering. “I’ve fought square. I’ve fought square all my life. Nobody can deny that. And I’m going to do my best to-night.”

There were loud cries of: “That’s right, Tom!” “We know that!” “Good boy, Tom!” “You’re the boy to fetch the bacon home!”

Then came Glendon’s turn. From him, likewise, a speech was demanded, though for principals to give speeches was an unprecedented thing in the prize-ring. Billy Morgan held up his hand for silence, and in a clear, powerful voice Glendon began.

“Everybody has told you they were proud to be here to-night,” he said. “I am not” The audience was startled, and he paused long enough to let it sink home, “I am not proud of my company. You wanted a speech. I’ll give you a real one. This is my last fight. After to-night I leave the ring for good. Why? I have already told you. I don’t like my company. The prize-ring is so crooked that no man engaged in it can hide behind a corkscrew. It is rotten to the core, from the little professional clubs right up to this affair to-night.”

The low rumble of astonishment that had been rising at this point burst into a roar. There were loud boos and hisses, and many began crying: “Go on with the fight!” “We want the fight!” “Why don’t you fight?” Glendon, waiting, noted that the principal disturbers near the ring were promoters and managers and fighters. In vain did he strive to make himself heard. The audience was divided, half crying out, “Fight!” and the other half, “Speech! Speech!”