preparations were begun for the principal event. Two buckets of clean water were brought in, and a large cardboard box containing a couple of new pairs of boxing-gloves was deposited in the centre of the ring. Then, while a truculent looking gentleman in flannel trousers and a sweater strolled about crushing lumps of resin beneath his feet, Doggy Donaldson again hoisted himself into the roped square, and held up his hand for silence. 

 "Gentlemen," he said, "I have the pleasure to announce that the Committee has decided to match the winner of to-night's contest against Jack Rivers, the holder of the Lonsdale Welter Weight Belt." 

 The applause that greeted this statement had scarcely died away, when a louder and more enthusiastic outburst proclaimed the appearance of the boxers. They came on from different sides of the building each with a small army of seconds in attendance. Climbing up into opposite corners of the ring they bowed their acknowledgments to the audience, and then, after carefully rubbing their feet in the resin, seated themselves on the small stools that had been placed in readiness. 

 A number of lengthy preliminaries followed. The bandages that each man wore on his hands were gravely inspected by one of his rival's seconds, while another opened the cardboard box, and selected one of the two pairs of gloves for his principal. They were nice-looking gloves, but to the casual observer they would have appeared to be constructed more for the purpose of conforming to the law than of really deadening the effect of a blow. By dint of much pulling and straining, however, each boxer managed to get them on, and then sat with a dressing-gown over his shoulders while "Doggy" Donaldson made the inevitable introductions. 

 "Gentlemen! A twenty three-minute round contest between 'Lightning' Lopez of Livadia on my right, and 'Tiger' Bugg of Hampstead on my left. The bout will be refereed by Mr. 'Dick' Fisher." 

 An elderly man in evening dress with a weather-beaten face, hard blue eyes, and a chin like the toe of a boot stepped up alongside the speaker and jerked his head at the audience. He was an ex-amateur champion of England, and one of the best judges of boxing in the world. 

 The gong sounded as a signal to clear the ring, and the cluster of seconds each side made a leisurely exit through the ropes. For a moment the two boxers were left sitting on their respective stools facing each other across the brilliantly lighted arena. Then came another clang, and with a simultaneous movement they 

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