"What is Jim Hanford planning? What is the program his crowd and mine are framing up? They know I've got him. He knows I've got him. I can whip him in one fight. But he's the champion of the world. If I don't give in to the program, they'll never give me a chance to fight him. The program calls for three fights. I am to win the first fight. It will be pulled off in Nevada if San Francisco won't stand for it. We are to make it a good fight. To make it good, each of us will put up a side bet of twenty thousand. It will be real money, but it won't be a real bet. Each gets his own slipped back to him. The same way with the purse. We'll divide it evenly, though the public division will be thirty-five and sixty-five. The purse, the moving picture royalties, the advertisements, and all the rest of the drags won't be a cent less than two hundred and fifty thousand. We'll divide it, and go to work on the return match. Hanford will win that, and we divide again. Then comes the third fight; I win as I have every right to; and we have taken three-quarters of a million out of the pockets of the fighting public. That's the program, but the money is dirty. And that's why I am quitting the ring to-night--" It was at this moment that Jim Hanford, kicking a clinging policeman back among the seat-holders, heaved his huge frame through the ropes, bellowing: "It's a lie!" He rushed like an infuriated bull at Glendon, who sprang back, and then, instead of meeting the rush, ducked cleanly away. Unable to check himself, the big man fetched up against the ropes. Flung back by the spring of them, he was turning to make another rush, when Glendon landed him. Glendon, cool, clear-seeing, distanced his man perfectly to the jaw and struck the first full-strength blow of his career. All his strength, and his reserve of strength, went into that one smashing muscular explosion. Hanford was dead in the air--in so far as unconsciousness may resemble death. So far as he was concerned, he ceased at the moment of contact with Glendon's fist. His feet left the floor and he was in the air until he struck the topmost rope. His inert body sprawled across it, sagged at the middle, and fell through the ropes and down out of the ring upon the heads of the men in the press seats. The audience broke loose. It had already seen more than it had paid to see, for the great Jim Hanford, the world champion, had been knocked out. It was unofficial, but it had been with a single punch. Never had there been such a night in fistiana. Glendon looked ruefully at his damaged knuckles, cast a glance through the ropes to where Hanford was groggily coming to, and held up his hands. He had clinched his right to be heard, and the audience grew still.