and mixes it, and then I seen Benson losing his goat, so I ups with an awful half-scissor hook to the plexus, and in the next round I seen Benson has a chunk of yellow, and I gets in with a hay-maker and I picks up another sleep- producer from the floor and hands it him, and he takes the count all right.'.. Crisp, lucid, and to the point. That is what the public wants. If this does not bring Comrade Garvin up to the scratch, nothing will.'

But the feature of the paper was the 'Tenement' series. It was late summer now, and there was nothing much going on in New York. The public was consequently free to take notice. The sale of Cosy Moments proceeded briskly. As Psmith had predicted, the change of policy had the effect of improving the sales to a marked extent. Letters of complaint from old subscribers poured into the office daily. But, as Billy Windsor complacently remarked, they had paid their subscriptions, so that the money was safe whether they read the paper or not. And, meanwhile, a large new public had sprung up and was growing every week. Advertisements came trooping in. Cosy Moments, in short, was passing through an era of prosperity undreamed of in its history.

'Young blood,' said Psmith nonchalantly, 'young blood. That is the secret. A paper must keep up to date, or it falls behind its competitors in the race. Comrade Wilberfloss's methods were possibly sound, but too limited and archaic. They lacked ginger. We of the younger generation have our fingers more firmly on the public pulse. We read off the public's unspoken wishes as if by intuition. We know the game from A to Z.'

At this moment Master Maloney entered, bearing in his hand a card.

''Francis Parker'?' said Billy, taking it. 'Don't know him.'

'Nor I,' said Psmith. 'We make new friends daily.'

'He's a guy with a tall-shaped hat,' volunteered Master Maloney, 'an' he's wearin' a dude suit an' shiny shoes.'

'Comrade Parker,' said Psmith approvingly, 'has evidently not been blind to the importance of a visit to Cosy Moments. He has dressed himself in his best. He has felt, rightly, that this is no occasion for the old straw hat and the baggy flannels. I would not have it otherwise. It is the right spirit. Shall we give him audience, Comrade Windsor?'

'I wonder what he wants.'

'That,' said Psmith, 'we shall ascertain more clearly after a personal interview. Comrade Maloney, show the gentleman in. We can give him three and a quarter minutes.'

Pugsy withdrew.

Mr. Francis Parker proved to be a man who might have been any age between twenty-five and thirty-five. He had a smooth, clean-shaven face, and a cat-like way of moving. As Pugsy had stated in effect, he wore a tail-coat, trousers with a crease which brought a smile of kindly approval to Psmith's face, and patent-leather boots of pronounced shininess. Gloves and a tall hat, which he carried, completed an impressive picture.

He moved softly into the room.

'I wished to see the editor.'

Psmith waved a hand towards Billy.

'The treat has not been denied you,' he said. 'Before you is Comrade Windsor, the Wyoming cracker-jack. He is our editor. I myself--I am Psmith--though but a subordinate, may also claim the title in a measure. Technically, I am but a sub-editor; but such is the mutual esteem in which Comrade Windsor and I hold each other that we may practically be said to be inseparable. We have no secrets from each other. You may address us both impartially. Will you sit for a space?'

He pushed a chair towards the visitor, who seated himself with the care inspired by a perfect trouser-crease. There was a momentary silence while he selected a spot on the table on which to place his hat.

'The style of the paper has changed greatly, has it not, during the past few weeks?' he said. 'I have never been, shall I say, a constant reader of Cosy Moments, and I may be wrong. But is not its interest in current affairs a recent development?'

'You are very right,' responded Psmith. 'Comrade Windsor, a man of alert and restless temperament, felt that a change was essential if Cosy Moments was to lead public thought. Comrade Wilberfloss's methods were good in their way. I have no quarrel with Comrade Wilberfloss. But he did not lead public thought. He catered exclusively for children with water on the brain, and men and women with solid ivory skulls. Comrade Windsor, with a broader view, feels that there are other and larger publics. He refuses to content himself with ladling out a weekly dole of mental predigested breakfast food. He provides meat. He--'

'Then--excuse me--' said Mr. Parker, turning to Billy, 'You, I take it, are responsible for this very vigorous attack on the tenement-house owners?'

'You can take it I am,' said Billy.

Psmith interposed.

'We are both responsible, Comrade Parker. If any husky guy, as I fancy Master Maloney would phrase it, is anxious to aim a swift kick at the man behind those articles, he must distribute it evenly between Comrade Windsor and myself.'

'I see.' Mr. Parker paused. 'They are--er--very outspoken articles,' he added.

'Warm stuff,' agreed Psmith. 'Distinctly warm stuff.'

'May I speak frankly?' said Mr. Parker.

'Assuredly, Comrade Parker. There must be no secrets, no restraint between us. We would not have you go away and say to yourself, 'Did I make my meaning clear? Was I too elusive?' Say on.'

'I am speaking in your best interests.'

'Who would doubt it, Comrade Parker. Nothing has buoyed us up more strongly during the hours of doubt through which we have passed than the knowledge that you wish us well.'

Billy Windsor suddenly became militant. There was a feline smoothness about the visitor which had been jarring upon him ever since he first spoke. Billy was of the plains, the home of blunt speech, where you looked your man in the eye and said it quick. Mr. Parker was too bland for human consumption. He offended Billy's honest soul.

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