"I understand," observed Matt quietly, "that your club is composed of pretty decent fellows. I'm pretty sure the rest of the members don't know what you eight are doing."

"That's nothing to you. You're a professional racer."

"There's nothing in the rules governing the race that bars out a professional driver," said Matt.

"That may be, but it's hardly fair to stack up a professional driver against an amateur."

"Halloran is not an amateur," returned Matt. "He has handled motor boats for two years. I happen to know this. If Halloran is going to drive Merton's boat, I don't think you fellows can complain if I drive Lorry's."

Matt's knowledge regarding Halloran must have staggered the eight masked youths. Silence reigned again for a space, one set of eyes encountering another and the glance traveling around the circle.

The king of the motor boys was studying those around him. One of the eight he believed to be Ollie Merton, although of that he could not be sure. Merton must have made good time from Third Lake, if he had left the Dart, crossed the city, and come around Fourth Lake to that point.

"We're not here to discuss Halloran," went on the young fellow who was doing the talking for the rest of his party. "We don't want you backing up young Lorry. There are going to be some bets made on that race, and we want Merton's boat to have a cinch. If what we've heard of you is true, you're deep, and when you go into a thing you go in to win. If you won't take a couple of hundred and leave town, how much will you ask to throw the race?"

Matt stiffened, and his eyes flashed dangerously. Once before, in the course of his career, an insult of that sort had been offered him. That was in Arizona, and a gambler had approached him and offered him money to "throw" a bicycle race on which the gambler and his friends had been doing some heavy betting.

Matt had principles, hard and fast principles which he knew to be right and on which he would not turn his back. He had never seen any good come of betting, and he was against it.