Suddenly Locasto closed in. He swooped down on the Jam-wagon. He had him. He shortened his right arm for a jab like the crash of a pile-driver. The arm shot out, but once again the Jam-wagon was not there. He ducked quickly, and Locasto's great fist brushed his hair.

Then, like lightning, the two came to a clinch. Now, thought I, it's all off with the Jam-wagon. I saw Locasto's eyes dilate with ferocious joy. He had the other in his giant arms; he could crush him in a mighty hug, the hug of a grizzly, crush him like an egg-shell. But, quick as the snap of a trap, the Jam-wagon had pinioned his arms at the elbow, so that he was helpless. For a moment he held him, then, suddenly releasing his arms, he caught him round the body, shook him with a mighty side-heave, gave him the cross-buttock, and, before he could strike a single blow, threw him in the air and dashed him to the ground.

"Time!" called the umpire. It was all done so quickly it was hard for the eye to follow, but a mighty cheer went up from the house. "Two to one on the little fellow," called the banjo-voice. Suddenly Locasto rose to his feet. He was shamed, angered beyond all expression. Heaving and panting, he lurched to his corner, and in his eyes there was a look that boded ill for his adversary.

Time again. With the lightness of a panther the Jam-wagon sprang into the centre of the ring. More than halfway he met Locasto, and now his intention seemed to be to draw his man on rather than to avoid him. I watched his every movement with a sense of thrilling fascination. He had resumed his serpentine movements, advancing and retreating with shadow-like quickness, feinting, side-stepping, pawing the air till he had his man baffled and bewildered. Yet he never struck a blow.

All this seemed to be getting on Locasto's nerves. He was going steadily enough, trying by every means in his power to get the other man to "mix it up." He shouted the foulest abuse at him. "Stand up like a man, you son of a dog, and fight." The smile left the Jam-wagon's lips, and he settled down to business.

I saw him edging up to Locasto. He feinted wildly, then, stepping in closely, he swung a right and left to Black Jack's face. A moment later he was six feet away, with a bitter smile on his lips.

With a fierce bellow of rage Locasto, forgetting all his caution, charged him. He smashed his heavy right with all its might for the other's face, but, quick as the quiver of a bow-string, the Jam-wagon side-stepped and the blow missed. Then the Jam-wagon shifted and brought his left, full-weight, crash on Locasto's mouth.

At that fierce triumphant blow there was the first dazzling blood-gleam, and the crowd screeched with excitement. In a wild whirlwind of fury Locasto hurled himself on the Jam-wagon, his arms going like windmills. Any one of these blows, delivered in a vital spot, would have meant death, but his opponent was equal to this blind assault. Dodging, ducking, side-stepping, blocking, he foiled the other at every turn, and, just before the round ended, drove his left into the pit of the big man's stomach, with a thwack that resounded throughout the building.

Once more time was called. The Jam-wagon was bleeding about the knuckles. Several of Locasto's teeth had been loosened, and he spat blood frequently. Otherwise he looked as fit as ever. He pursued his man with savage determination, and seemed resolved to get in a deadly body-blow that would end the fight.

It was pretty to see the Jam-wagon work. He was sprightly as a ballet dancer, as, weaving in and out, he dodged the other's blows. His arms swung at his sides, and he threw his head about in a manner insufferably mocking and tantalising. Then he took to landing light body-blows, that grew more frequent till he seemed to be beating a regular tattoo on Locasto's ribs. He was springy as a panther, elusive as an eel. As for Locasto, his face was sober now, strained, anxious, and he seemed to be waiting with menacing eyes to get in that vital smash that meant the end.