'Assuring you of my desire to be of service to you, I remain, yours very sincerely,

'S. T. LYONS.'

'Very nice, too,' murmured Watson at the conclusion of the letter.
'Who says that high ideals don't pay?'

'What do you mean?' said Selwyn sternly. The younger man got up from his chair and looked at his watch. 'Don't get shirty,' he said. 'I was only thinking that 800 per is a fairly healthy figure for that dope.'

'I don't give a damn for the money,' said Selwyn hotly, 'except that it shows there is a demand in America for the truth. Britain has always been afraid to face facts. Thank God, America isn't.'

'Well,' said Watson with a slight yawn, 'it's quite obvious that we're as far apart as the poles on that question, so I think I'll cut along.'

'Stay and have a cup of coffee. There's some being made; it will be here in a minute.'

'No, thanks. To be brutally frank, Austin, the ozone around here is a little too rarefied for me. I'm going out to a cab-stand somewhere to have a sandwich and a cup of tea with any Cockney who hasn't joined the Citizenship of the World.'

With the shadows under his eyes more pronounced than before, but with the unchanging look of determination, Selwyn helped the younger man on with his coat, and handed him his hat and stick. 'I am sorry you won't stay,' he said calmly, 'for your abuse and sarcasm are nothing to me. When I took this step I foresaw the consequences, and, believe me, I have suffered so much already that the loss of another friend means very little.'

The powerfully built young American twirled his hat uncomfortably between his fingers. 'Look here, Austin,' he said vehemently, 'why in blazes can't you get all that hot air out of your system? Come on—meet me to-morrow, and we'll join up together. It'll be all kinds of experience, you'll get wagon-loads of copy, and when it's all over you'll feel like a man instead of a sissy.'