She's having fun but that poor bear is miserable. Clearly he's been ridden around the track one lap to many. All he's thinking about is throwing those reigns off and taking a nap on an ice shelf as far from her as he can get. But I bet he'd have something else in mind if he if he knew the fate of his cousin, featured on a Film Fun cover a few years later. Looking at these together I wonder if they are the same pair, which makes the first cover even sadder.
But you may think that's the wrong perspective. Who could ever resist serving
a Bolles girl, whether as a ride or a rug!