Psmith shook his head.

"These stately compliments," he said, "do my old heart good, but I fancy I know a better plan. It happened that I chanced to have my eye on the blighter in the tall-shaped hat, and so was enabled to land him among the ribstones; but who knows but that in the crowd on Broadway there may not lurk other, unidentified blighters in equally tall-shaped hats, one of whom may work the same sleight-of-hand speciality on me? It was not that you were not capable of taking care of that paper: it was simply that you didn't happen to spot the man. Now observe me closely, for what follows is an exhibition of Brain."

He paid the bill, and they went out into the entrance-hall of the hotel. Psmith, sitting down at a table, placed the paper in an envelope and addressed it to himself at the address of Cosy Moments. After which, he stamped the envelope and dropped it into the letter-box at the back of the hall.

"And now, Comrade Windsor," he said, "let us stroll gently homewards down the Great White Way. What matter though it be fairly stiff with low-browed bravoes in tall-shaped hats? They cannot harm us. From me, if they search me thoroughly, they may scoop a matter of eleven dollars, a watch, two stamps, and a packet of chewing-gum. Whether they would do any better with you I do not know. At any rate, they wouldn't get that paper; and that's the main thing."

"You're a genius," said Billy Windsor.

"You think so?" said Psmith diffidently. "Well, well, perhaps you are right, perhaps you are right. Did you notice the hired ruffian in the flannel suit who just passed? He wore a baffled look, I fancy. And hark! Wasn't that a muttered 'Failed!' I heard? Or was it the breeze moaning in the tree-tops? To-night is a cold, disappointing night for Hired Ruffians, Comrade Windsor."


CHAPTER XXIII — REDUCTIONS IN THE STAFF

The first member of the staff of Cosy Moments to arrive at the office on the following morning was Master Maloney. This sounds like the beginning of a "Plod and Punctuality," or "How Great Fortunes have been Made" story; but, as a matter of fact, Master Maloney was no early bird. Larks who rose in his neighbourhood, rose alone. He did not get up with them. He was supposed to be at the office at nine o'clock. It was a point of honour with him, a sort of daily declaration of independence, never to put in an appearance before nine-thirty. On this particular morning he was punctual to the minute, or half an hour late, whichever way you choose to look at it.