Nothing takes place at a circus. It’s all on a ship. The woman on the cover is all you’re going to get; it’s dead butch from here on it. In the previous issue the Black Hand had been tossed in the water, and believed dead. But the ever-handy Passing Yacht, complete with a full compliment of swabbies,  fishes him out. Ugly cuss: looks like Hitler meets the Joker.