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amount on the security of my little bit of money。 My father has spent some time of late hurling me at various professions； and we had agreed some time ago that the Law was to be my long suit。 Paper…owning； however； may be bined with being Lord Chancellor； and I knew he would have no objection to my being a Napoleon of the Press on this side。 So we closed with rade White； and〃
There was a knock at the door； and Master Maloney entered with a card。
〃Guy's waiting outside；〃 he said。
〃Mr。 Stewart Waring；〃 read Psmith。 〃rade Maloney； do you know what Mahomet did when the mountain would not e to him？〃
〃Search me；〃 said the office…boy indifferently。
〃He went to the mountain。 It was a wise thing to do。 As a general rule in life you can't beat it。 Remember that； rade Maloney。〃
〃Sure；〃 said Pugsy。 〃Shall I send the guy in？〃
〃Surest thing you know； rade Maloney。〃
He turned to the assembled pany。
〃Gentlemen；〃 he said； 〃you know how I hate to have to send you away； but would you mind withdrawing in good order？ A somewhat delicate and private interview is in the offing。 rade Jarvis； we will meet anon。 Your services to the paper have been greatly appreciated。 If I might drop in some afternoon and inspect the remainder of your zoo？〃
〃Any time you're down Groome Street way。 Glad。〃
〃I will make a point of it。 rade Wilberfloss； would you mind remaining？ As editor of this journal； you should be present。 If the rest of you would look in about this time to…morrowShow Mr。 Waring in； rade Maloney。〃
He took a seat。
〃We are now； rade Wilberfloss；〃 he said； 〃at a crisis in the affairs of this journal； but I fancy we shall win through。〃
The door opened； and Pugsy announced Mr。 Waring。
The owner of the Pleasant Street Tenements was of what is usually called manding presence。 He was tall and broad； and more than a little stout。 His face was clean…shaven and curiously expressionless。 Bushy eyebrows topped a pair of cold grey eyes。 He walked into the room with the air of one who is not wont to apologise for existing。 There are some men who seem to fill any room in which they may be。 Mr。 Waring was one of these。
He set his hat down on the table without speaking。 After which he looked at Mr。 Wilberfloss； who shrank a little beneath his gaze。
Psmith had risen to greet him。
〃Won't you sit down？〃 he said。
〃I prefer to stand。〃
〃Just as you wish。 This is Liberty Hall。〃
Mr。 Waring again glanced at Mr。 Wilberfloss。
〃What I have to say is private；〃 he said。
〃All is well；〃 said Psmith reassuringly。 〃It is no stranger that you see before you； no mere irresponsible lounger who has butted in by chance。 That is rade J。 Fillken Wilberfloss； the editor of this journal。〃
〃The editor？ I understood〃
〃I know what you would say。 You have rade Windsor in your mind。 He was merely acting as editor while the chief was away hunting sand…eels in the jungles of Texas。 In his absence rade Windsor and I did our best to keep the old journal booming along； but it lacked the master…hand。 But now all is well： rade Wilberfloss is once more doing stunts at the old stand。 You may speak as freely before him as you would before well； let us say rade Parker。〃
〃Who are you； then； if this gentleman is the editor？〃
〃I am the proprietor。〃
〃I understood that a Mr。 White was the proprietor。〃
〃Not so；〃 said Psmith。 〃There was a time when that was the case； but not now。 Things move so swiftly in New York journalistic matters that a man may well be excused for not keeping abreast of the times； especially one who； like yourself； is interested in politics and house…ownership rather than in literature。 Are you sure you won't sit down？〃
Mr。 Waring brought his hand down with a bang on the table； causing Mr。 Wilberfloss to leap a clear two inches from his chair。
〃What are you doing it for？〃 he demanded explosively。 〃I tell you； you had better quit it。 It isn't healthy。〃
Psmith shook his head。
〃You are merely stating in otherand； if I may say so； inferiorwords what rade Parker said to us。 I did not object to giving up valuable time to listen to rade Parker。 He is a fascinating conversationalist； and it was a privilege to hob…nob with him。 But if you are merely intending to cover the ground covered by him； I fear I must remind you that this is one of our busy days。 Have you no new light to fling upon the subject？〃
Mr。 Waring wiped his forehead。 He was playing a lost game； and he was not the sort of man who plays lost games well。 The Waring type is dangerous when it is winning； but it is apt to crumple up against strong defence。
His next words proved his demoralisation。
〃I'll sue you for libel；〃 said he。
Psmith looked at him admiringly。
〃Say no more；〃 he said； 〃for you will never beat that。 For pure richness and whimsical humour it stands alone。 During the past seven weeks you have been endeavouring in your cheery fashion to blot the editorial staff of this paper off the face of the earth in a variety of ingenious and entertaining ways； and now you propose to sue us for libel！ I wish rade Windsor could have heard you say that。 It would have hit him right。〃
Mr。 Waring accepted the invitation he had refused before。 He sat down。
〃What are you going to do？〃 he said。
It was the white flag。 The fight had gone out of him。
Psmith leaned back in his chair。
〃I'll tell you；〃 he said。 〃I've thought the whole thing out。 The right plan would be to put the plete kybosh （if I may use the expression） on your chances of being an alderman。 On the other hand； I have been studying the papers of late； and it seems to me that it doesn't much matter who gets elected。 Of course the opposition papers may have allowed their zeal to run away with them； but even assuming that to be the case； the other candidates appear to be a pretty fair contingent of blighters。 If I were a native of New York； perhaps I might take a more fervid interest in the matter； but as I am merely passing through your beautiful little city； it doesn't seem to me to make any very substantial difference who gets in。 To be absolutely candid； my view of the thing is this。 If the People are chumps enough to elect you； then they deserve you。 I hope I don't hurt your feelings in any way。 I am merely stating my own individual opinion。〃
Mr。 Waring made no remark。
〃The only thing that really interests me；〃 resumed Psmith； 〃is the matter of these tenements。 I shall shortly be leaving this country to resume the strangle…hold on Learning which I relinquished at the beginning of the Long Vacation。 If I were to depart without bringing off improvements down Pleasant Street way； I shouldn't be able to enjoy my meals。 The startled cry would go round Cambridge： 'Something is the matter with Psmith。 He is off his feed。 He should try Blenkinsop's Balm for the Bilious。' But no balm would do me any good。 I should simply droop and fade slowly away like a neglected lily。 And you wouldn't like that； rade Wilberfloss； would you？〃
Mr。 Wilberfloss； thus suddenly pulled into the conversation； again leaped in his seat。
〃What I propose to do；〃 continued Psmith； without waiting for an answer； 〃is to touch you for the good round sum of five thousand and three dollars。〃