"Here is where we put it all over you!" cried Chet, who was carrying Laura.

"This race belongs to me," panted Ferd, who had Vi as a passenger.

A number of the boys and girls on the lake shore were watching the contest, and wondering who would win. In the crowd, more out of curiosity than anything else, were Amanda and Eliza.

"Huh! I wouldn't care to be on the lake with those boys," snapped Amanda. "First thing they know they'll upset."

"They must be splashing water all over each other," was Eliza's comment.

At first it was almost an even race, but gradually Chet and Teddy drew ahead.

"Oh, I guess it's going to be a tie," murmured Billie.

"Not much!" gasped Teddy, and put on an extra spurt which soon sent him quite a distance ahead.

"Hurrah! We win!" shouted Billie triumphantly.

"All right, I guess you do!" flung out her brother. "I guess I ate too much for dinner. That's the reason I couldn't row so well," he explained lamely.