This panel is a vibrant snapshot of a circus performance, capturing the excitement and spectacle of a bygone era. The scene is set in a circular arena, with a ringmaster at the center commanding attention.

The ringmaster, a tall and imposing figure, stands confidently in the middle of the ring. He's dressed in the classic circus attire - a black top hat, a white shirt, blue pants, and brown boots. His arms are outstretched, and his mouth is open wide, likely in the midst of an energetic announcement or cheer to the audience.

Surrounding the ringmaster are the silhouettes of the audience members, their attention fully focused on the spectacle before them. The crowd's presence adds to the electric atmosphere of the performance.

To the right of the ringmaster, we see a majestic lion standing on its hind legs. This powerful beast is positioned near a red chair, which is likely part of the lion tamer's act. The lion's posture suggests alertness and readiness, typical of these magnificent animals in a circus setting.

On the left side of the ringmaster, there's a man in a white shirt and blue pants who appears to be in a state of distress or excitement. His body language is dynamic, with one arm raised and the other extended forward. This could be a performer or perhaps a member of the circus staff reacting to something happening in the show.

The entire scene is enclosed by black bars, giving the impression of looking through a cage or barrier into the circus arena. This framing device adds to the theatrical feel of the image.

At the top of the panel, there's a banner that reads "Performance Time!" This text sets the tone for the entire scene, indicating that the show is about to begin or is in full swing.

The overall composition of the panel effectively captures the energy, spectacle, and excitement of a circus performance, typical of the golden age of American comics.