To give up; sometimes to die.

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1849.  Five of us went under, and the Pawnees made a raise of a dozen mules, wagh!—G. F. Ruxton, ‘Life in the Far West,’ p. 13. (N.E.D.)

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1888.  In all our vicissitudes, I had never before seen the General go under for an instant.—Mrs. Custer, ‘Tenting on the Plains,’ p. 280.

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1888.  Whether Jim lived or had gone under.Chicago Inter-Ocean, March (Farmer).

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