Perry nodded. He meant to, if he could. He was going to try to keep away. And on the other side of the ring Holliday was talking easily out of the corner of his mouth.

"This guy's no set-up," he was saying. "He's faster than a fool. But kin he hit—that's what I'm wondering. Kin he hit? An' that's what I'm going to find out."

And then the bell, and the whole house leaning forward.

They came slowly from their corners, Holliday bull-necked, compact, a grinning menace, Perry lighter, whiter, sober. The first minute of that round was a repetition of all those that had gone before; lightning feints, nimble dancing steps, the cautious trickery of antagonists feeling each other out.

And yet the house, contrary to custom, did not grow impatient of such tactics and call loudly for more damaging effort. It waited. A minute and a half passed—two minutes—and they were going faster—faster. And then Holliday, grinning into Perry's face, winked broadly and swung wildly with his right. Perry stepped easily inside the blow and put his left to the other's face. It was a light blow, Perry knew that. There was no snap, no sting in it. But immediately Holliday winced as though it had hurt him and for the first time gave ground.

He followed Holliday up. This was the round in which Holliday was to quit, the round upon which Perry had had his mind riveted for weeks. He wondered—had Dunham after all been on the level with his promised crookedness? He followed Holliday up, carefully. And again a wild right swing, a light step inside, a light left to the face. And then Holliday, holding him with disturbing ease in a clinch, pressed his mouth close to Perry's ear.

"Shoot it over, now," he muttered. "Shoot it—don't pull it. It mustn't look too raw. I'm going to open up—start it from the floor!"

They clung in the clinch. The referee tore at them, raving at them to break. He pried them apart at last and passed between them to make the breaking cleaner. And as he did so, Holliday dropped his guard.

"Shoot it!" he hissed.

Perry wondered—but he knew better! He therefore merely made as if to set himself for the punch. He drove his right hand to the other's chin. But in that same instant as he took the blow Holliday lashed back at him, ferociously. Had Perry swung with all he had; had he been going with his punch; had he even been set firmly upon his feet to deliver it, Holliday's treacherous hook would have dropped him for the count.