Arriving at the bed-sitting-room, Billy proceeded to occupy the rocking-chair, and, as was his wont, began to rock himself rhythmically to and fro. Psmith seated himself gracefully on the couch-bed. There was a silence.

The events of the evening had been a revelation to Psmith. He had not realised before the extent of the ramifications of New York's underworld. That members of the gangs should crop up in the Astor roof-garden and in gorgeous raiment in the middle of Broadway was a surprise. When Billy Windsor had mentioned the gangs, he had formed a mental picture of low-browed hooligans, keeping carefully to their own quarter of the town. This picture had been correct, as far as it went, but it had not gone far enough. The bulk of the gangs of New York are of the hooligan class, and are rarely met with outside their natural boundaries. But each gang has its more prosperous members; gentlemen, who, like the man of the Astor roof-garden, support life by more delicate and genteel methods than the rest. The main body rely for their incomes, except at election-time, on such primitive feats as robbing intoxicated pedestrians. The aristocracy of the gangs soar higher.

It was a considerable time before Billy spoke.

"Say," he said, "this thing wants talking over."

"By all means, Comrade Windsor."

"It's this way. There's no doubt now that we're up against a mighty big proposition."

"Something of the sort would seem to be the case."

"It's like this. I'm going to see this through. It isn't only that I want to do a bit of good to the poor cusses in those tenements, though I'd do it for that alone. But, as far as I'm concerned, there's something to it besides that. If we win out, I'm going to get a job out of one of the big dailies. It'll give me just the chance I need. See what I mean? Well, it's different with you. I don't see that it's up to you to run the risk of getting yourself put out of business with a black-jack, and maybe shot. Once you get mixed up with the gangs there's no saying what's going to be doing. Well, I don't see why you shouldn't quit. All this has got nothing to do with you. You're over here on a vacation. You haven't got to make a living this side. You want to go about and have a good time, instead of getting mixed up with--"

He broke off.

"Well, that's what I wanted to say, anyway," he concluded.

Psmith looked at him reproachfully.

"Are you trying to _sack_ me, Comrade Windsor?"

"How's that?"

"In various treatises on 'How to Succeed in Literature,'" said Psmith sadly, "which I have read from time to time, I have always found it stated that what the novice chiefly needed was an editor who believed in him. In you, Comrade Windsor, I fancied that I had found such an editor."

"What's all this about?" demanded Billy. "I'm making no kick about your work."

"I gathered from your remarks that you were anxious to receive my resignation."

"Well, I told you why. I didn't want you be black-jacked."

"Was that the only reason?"

"Sure."

"Then all is well," said Psmith, relieved. "For the moment I fancied that my literary talents had been weighed in the balance and adjudged below par. If that is all--why, these are the mere everyday risks of the young journalist's life. Without them we should be dull and dissatisfied. Our work would lose its fire. Men such as ourselves, Comrade Windsor, need a certain stimulus, a certain fillip, if they are to keep up their high standards. The knowledge that a low-browed gentleman is waiting round the corner with a sand-bag poised in air will just supply that stimulus. Also that fillip. It will give our output precisely the edge it requires."

"Then you'll stay in this thing? You'll stick to the work?"

"Like a conscientious leech, Comrade Windsor."

"Bully for you," said Billy.

It was not Psmith's habit, when he felt deeply on any subject, to exhibit his feelings; and this matter of the tenements had hit him harder than any one who did not know him intimately would have imagined. Mike would have understood him, but Billy Windsor was too recent an acquaintance. Psmith was one of those people who are content to accept most of the happenings of life in an airy spirit of tolerance. Life had been more or less of a game with him up till now. In his previous encounters with those with whom fate had brought him in contact there had been little at stake. The prize of victory had been merely a comfortable feeling of having had the best of a battle of wits; the penalty of defeat nothing worse than the discomfort of having failed to score. But this tenement business was different. Here he had touched the realities. There was something worth fighting for. His lot had been cast in pleasant places, and the sight of actual raw misery had come home to him with an added force from that circumstance. He was fully aware of the risks that he must run. The words of the man at the Astor, and still more the episodes of the fa............