thought he was the only onlooker, and perhaps at first he was. If so, it was not for long. Had he but known the nature of that other spectator, he might have leaped to his feet and rushed to warn the queen of her danger. Not knowing, he sat entranced by the wonderful apparition who seemed more a being of another world, or perhaps some tropical bird, as she flitted from end to end of that silver wire. Now she rose straight in air and, seeming to soar aloft, swept down to the wire again. And now she dropped upon her hands to bend and twist in a blinding whirl, while her gleaming parasol spun above her.

“Um,” Johnny breathed; then again, “Um!”

But what was that? He thought he detected a stealthy movement to the right of him. It might have been but the swaying of a tent pole shaken by the wind, but he kept his eyes upon the spot for some time. He had concluded it was nothing, and was about to turn his attention to the girl again, when the movement came again, this time closer at hand. At the same time he heard a sound that in a place less quiet to an untrained ear would be nothing at all. To Johnny it spoke of danger—perhaps danger to himself, perhaps to the girl. He thought of the counterfeiters. Did they know he had joined Pant in the task of hunting them down, and realizing his importance as an inside man, had they decided to do away with him at once? Or was this some enemy of the beautiful dancer?

Danger, Johnny had learned, loses much of its terror when squarely faced. He now threw himself upon the sawdust and began creeping, knife in hand, toward the spot from which the sound had come.

Ten feet he crawled, then paused to listen. In the stillness he heard the occasional creak of the wire, the spatter of the spot light. Then again he caught that gliding sound. It was retreating from him, moving closer to the girl. This time he crept twenty feet or more before he paused. Again the same sounds greeted his strained ears. Again the gliding sound. The creature, whether beast or human, traveling faster than he, must be not more than thirty feet from the swinging, swaying girl.

And now, like a flash, his eyes, for a moment relieved from the dancer’s dazzling light, saw the creature—a gaunt tawny beast it was, a tiger stalking human prey. For a second Johnny shivered and shrank back. How had this creature escaped? This he could not know. Its purpose was all too evident. Attracted by the gleam of the fairylike figure dancing on the wire, it was thinking only of breaking her bones with its yellow fangs.

Johnny paused for 

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