Psmith shook his head.

"In Europe. I cannot say more."

The audience's consternation deepened.

"Then, do you mean to say," demanded Mr. Asher, "that this fellow Windsor's the boss here, that what he says goes?"

Psmith bowed.

"With your customary clear-headedness, Comrade Asher, you have got home on the bull's-eye first pop. Comrade Windsor is indeed the boss. A man of intensely masterful character, he will brook no opposition. I am powerless to sway him. Suggestions from myself as to the conduct of the paper would infuriate him. He believes that radical changes are necessary in the programme of Cosy Moments, and he means to put them through if it snows. Doubtless he would gladly consider your work if it fitted in with his ideas. A snappy account of a glove-fight, a spine-shaking word-picture of a railway smash, or something on those lines, would be welcomed. But—"

"I have never heard of such a thing," said Mr. Waterman indignantly.

Psmith sighed.

"Some time ago," he said, "—how long it seems!—I remember saying to a young friend of mine of the name of Spiller, 'Comrade Spiller, never confuse the unusual with the impossible.' It is my guiding rule in life. It is unusual for the substitute-editor of a weekly paper to do a Captain Kidd act and take entire command of the journal on his own account; but is it impossible? Alas no. Comrade Windsor has done it. That is where you, Comrade Asher, and you, gentlemen, have landed yourselves squarely in the broth. You have confused the unusual with the impossible."

"But what is to be done?" cried Mr. Asher.