ing Water, "that was as pretty
and clean a blow as ever I see. You can handle them mitts o' yours right
handy."

A score of men had rushed up and surrounded Ted and Kit, all shouting
and gesticulating at the same time.

Meantime, Ben was having his troubles in the judges' stand.

He had, of course, decided in favor of Hatrack, while the big man had
declared for a foul and no decision, and the third judge stood wavering.

On the face of it the whole thing was a steal on the part of the
gamblers, who had evidently decided beforehand that if the race went
against them to claim a foul and bluff it through.

But they had argued without their host. They did not know what they were
opposing when they ran against Ted Strong.

Ted was sorry that he had gone into the affair at all, but once in he
was there to stick to the finish. The fellow whom he had knocked down
had retired to the rear to attend to his broken nose, and to give his
friends an opportunity to fight his battle.

The foreman of the Running Water had disappeared. He had foreseen
trouble when the gamblers got together, and attempted to force the race
through, and had gone to collect the cow-punchers and others who had
been induced to bet on Hatrack.

Ted stood his ground patiently, waiting until a decision should be
handed down by the judges before declaring himself.

Stella was sitting in her saddle on Hatrack a few feet away from the
stand watching the proceedings, and listening to the arguments on both
sides made by the angry men.

Bud and Kit stood on either side of her, to protect her from the remarks
of the disgruntled gamblers.

Suddenly a man pushed his way through the throng, mounted on a Spanish
mule.

He was a fine-looking man, dressed after the manner of the plainsman,
and might have been either a cow-puncher in prosperity or a ranch owner.

As the crowd made way for him he caught sight of Bud, and stopped and
stared for several moments without speaking.

Bud had not noticed him, but when he did look up he returned the stare,
and his forehead was wrinkled in thought.

Somewhere in the back part of his head he carried a picture of this
man, but under different circumstances.

Who could he be, and where had he been met, were the things that were
puzzling Bud.

"Hello, pard, you don't seem to place me," said the man on the Spanish
mule. "But I haven't forgotten you by a dern sight. Think hard."

"I've saw yer som'er's," said Bud though