He was just played out and tangled and tied in the ropes, and could not get up.

The shaggy black horse stood there braced and indomitable.

But he, likewise, was almost ready to drop.

Looking at the condition of both horses and the saddle and ropes, Lucy saw what a fight there had been, and a race! Where was the rider?
Thrown, surely, and back on the trail, perhaps dead or maimed.
Lucy went closer to the stallion so that she could almost touch him.

He saw her.