There was a cinder sticking up, dislodged from the smooth track by some previous runner, and not before noticed. Jerry trod on it, and his foot gave a twinge. He hesitated a moment, before a hurdle, and the hesitation was fatal to his chances.

He did not clear the barrier, but, though he knocked it over he himself did not fall. But he could not get into his stride again, and, a moment later, he was passed by several others.

“Oh Sid! Sid! It’s up to you!” yelled Phil, but it was not to be. Sid, well to the fore, was doing his best, but he had been depending on Jerry, and it was too late now to make the needful spurt.

Over the finish line burst George Birch, carrying the colors of Exter, and behind him came Frank Sullivan, of Fairview, with Pinkey Davenport, of Boxer Hall, a close third.

Randall had lost!

The echoes of the “Conquer or Die” song rolled away, and there came a silence. It was broken a moment later by a “locomotive-automobile” cheer from the cohorts of Exter, and then the other successful colleges joined in.

The shrill voices of the girls were heard above the hoarser voices of their boy friends, and cheer after cheer rolled out over the field.

With tears in their eyes Phil and Frank and Tom turned away from the track.