He turned to Billy, who had been looking at him all the while with a combination of interest and suspicion. The man might or might not be friendly. In the meantime, there was no harm in being on one's guard. Billy's experience as a cub-reporter had given him the knowledge that is only given in its entirety to police and newspaper men: that there are two New Yorks. One is a modern, well-policed city, through which one may walk from end to end without encountering adventure. The other is a city as full of sinister intrigue, of whisperings and conspiracies, of battle, murder, and sudden death in dark by-ways, as any town of mediaeval Italy. Given certain conditions, anything may happen to any one in New York. And Billy realised that these conditions now prevailed in his own case. He had come into conflict with New York's underworld. Circumstances had placed him below the surface, where only his wits could help him. "It's about that tenement business," said the stranger. Billy bristled. "Well, what about it?" he demanded truculently. The stranger raised a long and curiously delicately shaped hand. "Don't bite at me," he said. "This isn't my funeral. I've no kick coming. I'm a friend." "Yet you don't tell us your name." "Never mind my name. If you were in my line of business, you wouldn't be so durned stuck on this name thing. Call me Smith, if you like." "You could select no nobler pseudonym," said Psmith cordially. "Eh? Oh, I see. Well, make it Brown, then. Anything you please. It don't signify. See here, let's get back. About this tenement thing. You understand certain parties have got it in against you?" "A charming conversationalist, one Comrade Parker, hinted at something of the sort," said Psmith, "in a recent interview. Cosy Moments, however, cannot be muzzled." "Well?" said Billy. "You're up against a big proposition." "We can look after ourselves."