Mr Bickersdyke sat in his private room at the New Asiatic Bank with a pile of newspapers before him. At least, the casual observer would have said that it was Mr Bickersdyke. In reality, however, it was an active volcano in the shape and clothes of the bank-manager. It was freely admitted in the office that morning that the manager had lowered all records with ease. The staff had known him to be in a bad temper before--frequently; but his frame of mind on all previous occasions had been, compared with his present frame of mind, that of a rather exceptionally good-natured lamb. Within ten minutes of his arrival the entire office was on the jump. The messengers were collected in a pallid group in the basement, discussing the affair in whispers and endeavouring to restore their nerve with about sixpenn'orth of the beverage known as 'unsweetened'. The heads of departments, to a man, had bowed before the storm. Within the space of seven minutes and a quarter Mr Bickersdyke had contrived to find some fault with each of them. Inward Bills was out at an A.B.C. shop snatching a hasty cup of coffee, to pull him together again. Outward Bills was sitting at his desk with the glazed stare of one who has been struck in the thorax by a thunderbolt. Mr Rossiter had been torn from Psmith in the middle of a highly technical discussion of the Manchester United match, just as he was showing--with the aid of a ball of paper--how he had once seen Meredith centre to Sandy Turnbull in a Cup match, and was now leaping about like a distracted grasshopper. Mr Waller, head of the Cash Department, had been summoned to the Presence, and after listening meekly to a rush of criticism, had retired to his desk with the air of a beaten spaniel.

Only one man of the many in the building seemed calm and happy--Psmith.

Psmith had resumed the chat about Manchester United, on Mr Rossiter's return from the lion's den, at the spot where it had been broken off; but, finding that the head of the Postage Department was in no mood for discussing football (or any thing else), he had postponed his remarks and placidly resumed his work.

Mr Bickersdyke picked up a paper, opened it, and began searching the columns. He had not far to look. It was a slack season for the newspapers, and his little trouble, which might have received a paragraph in a busy week, was set forth fully in three-quarters of a column.

The column was headed, 'Amusing Heckling'.

Mr Bickersdyke read a few lines, and crumpled the paper up with a snort.

The next he examined was an organ of his own shade of political opinion. It too, gave him nearly a column, headed 'Disgraceful Scene at Kenningford'. There was also a leaderette on the subject.

The leaderette said so exactly what Mr Bickersdyke thought himself that for a moment he was soothed. Then the thought of his grievance returned, and he pressed the bell.

'Send Mr Smith to me,' he said.

William, the messenger, proceeded to inform Psmith of the summons.

Psmith's face lit up.

'I am always glad to sweeten the monotony of toil with a chat with Little Clarence,' he said. 'I shall be with him in a moment.'

He cleaned his pen very carefully, placed it beside his ledger, flicked a little dust off his coatsleeve, and made his way to the manager's room.

Mr Bickersdyke received him with the ominous restraint of a tiger crouching for its spring. Psmith stood beside the table with languid grace, suggestive of some favoured confidential secretary waiting for instructions.

A ponderous silence brooded over the room for some moments. Psmith broke it by remarking that the Bank Rate was unchanged. He mentioned this fact as if it afforded him a personal gratification.

Mr Bickersdyke spoke.

'Well, Mr Smith?' he said.

'You wished to see me about something, sir?' inquired Psmith, ingratiatingly.

'You know perfectly well what I wished to see you about. I want to hear your explanation of what occurred last night.'

'May I sit, sir?'

He dropped gracefully into a chair, without waiting for permission, and, having hitched up the knees of his trousers, beamed winningly at the manager.

'A deplorable affair,' he said, with a shake of his head. 'Extremely deplorable. We must not judge these rough, uneducated men too harshly, however. In a time of excitement the emotions of the lower classes are easily stirred. Where you or I would--'

Mr Bickersdyke interrupted.

'I do not wish for any more buffoonery, Mr Smith--'

Psmith raised a pained pair of eyebrows.

'Buffoonery, sir!'

'I cannot understand what made you act as you did last night, unless you are perfectly mad, as I am beginning to think.'

'But, surely, sir, there was nothing remarkable in my behaviour? When a merchant has attached himself to your collar, can you do less than smite him on the other cheek? I merely acted in self-defence. You saw for yourself--'

'You know what I am alluding to. Your behaviour during my speech.'

'An excellent speech,' murmured Psmith courteously.

'Well?' said Mr Bickersdyke.

'It was, perhaps, mistaken zeal on my part, sir, but you must remember that I acted purely from the best motives. It seemed to me--'

'That is enough, Mr Smith. I confess that I am absolutely at a loss to understand you--'

'It is too true, sir,' sighed Psmith.

'You seem,' continued Mr Bickersdyke, warming to his subject, and turning gradually a richer shade of purple, 'you seem to be determined to endeavour to annoy me.' ('No no,' from............