"I fight fair," said Perry, "or I don't fight at all."

"Don't get excited." Dunham was laughing at him a little, not pleasantly. "You'll be no party to anything—ah—iniquitous. Beat him before that if you're able. But it'll come in the eighth, don't doubt that. I'm just telling you beforehand so that you'll lose no sleep in case you're afraid of Holliday." That was a thrust. "I'm telling you so you needn't kill yourself training to get ready, though you don't look over-fed." That was another. Yet Perry felt that he had balanced them both when he looked the huge man's jelly-bulk up and down.

"Holliday's going to be champion some day," Dunham went unconcernedly on. "He's bound to be, whether we want him or not. But Montague comes first. Montague's been a good boy. We merely require your agreement to meet him should you dispose of Holliday, that is all. And since that is assured—" He waved a fat hand. "Personally I believe that Montague is very much better than you are—no offense intended—and against him you can take care of yourself."

Rapidly Perry cast it up. They were that confident of Holliday's superiority! And they didn't care whether he suspected their game or not; they weren't even bothering to work carefully. He could take it or leave it. He'd have to. That rank! That coarse! It was an easy sum. Two and two made four.

"Whatever agreement is fixed between you and Holliday is no affair of mine," he decided at last. "When?"

"A month—five weeks."

"How much?"

Dunham pondered.

"Twenty thousand. We'll give you five for your share."

They were that cool!