turned to Mike.     

       "Comrade Jackson, if you were editing this paper, is there a single feature you would willingly retain?"     

       "I don't think there is," said Mike. "It's all pretty bad rot."     

       "My opinion in a nutshell," said Psmith, approvingly. "Comrade Jackson,"       he explained, turning to Billy, "has a secure reputation on the other side for the keenness and lucidity of his views upon literature. You may safely build upon him. In England when Comrade Jackson says 'Turn' we all turn. Now, my views on the matter are as follows. Cosy Moments, in my opinion (worthless, were it not backed by such a virtuoso as Comrade Jackson), needs more snap, more go. All these putrid pages must disappear. Letters must be despatched to-morrow morning, informing Luella Granville Waterman and the others (and in particular B. Henderson Asher, who from a cursory glance strikes me as an ideal candidate for a lethal chamber)       that, unless they cease their contributions instantly, you will be compelled to place yourself under police protection. After that we can begin to move."     

       Billy Windsor sat and rocked himself in his chair without replying. He was trying to assimilate this idea. So far the grandeur of it had dazed him. It was too spacious, too revolutionary. Could it be done? It would undoubtedly mean the sack when Mr. J. Fillken Wilberfloss returned and found the apple of his eye torn asunder and, so to speak, deprived of its choicest pips. On the other hand . . . His brow suddenly cleared. After all, what was the sack? One crowded hour of glorious life is worth an age without a name, and he would have no name as long as he clung to his present position. The editor would be away ten weeks. He would have ten weeks in which to try himself out. Hope leaped within him. In ten weeks he could change Cosy Moments into a real live paper. He wondered that the idea had not occurred to him before. The trifling fact that the despised journal was the property of Mr. Benjamin White, and that he had no right whatever to tinker with it without that gentleman's approval, may have occurred to him, but, if it did, it occurred so momentarily that he did not notice it. In these crises one cannot think of everything.     

       "I'm on," he said, briefly.     

       Psmith smiled approvingly.     

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