Original title “Deer and Deer Hounds In a Mountain Torrent”. The deer is actually a male, so a stag. Also, I could not see multiple hounds. In fact the one hound I do see, seems more like a wolf.
Most likely the ‘hound’ chased the stag. The stag attempted to escape in the water. The ‘hound’ followed. They are then being carried away, both lost in a cascade of watery death.
The faces of the animals are quite disturbing. Although animals are said to generally be emotionless – they always look emotional to me!
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