Smith shook his head.

"It is kind of you to try and soothe my conscience, but it is useless. I see my position too clearly. Think of it, Comrade Brown! Thousands of poor, doddering, half-witted creatures in Brooklyn and Flatbush, who ought not really to have control of their own money at all, are getting buncoed out of whatever it is per annum in exchange for—how shall I put it in a forcible yet refined and gentlemanly manner?—for cat's meat of this description. Why, selling gold bricks is honest compared with it. And I am temporarily responsible for the black business!"

He extended a lean hand with melodramatic suddenness toward Betty. The unexpectedness of the movement caused her to start back in her chair with a little exclamation of surprise. Smith nodded with a kind of mournful satisfaction.

"Exactly!" he said. "As I expected! You shrink from me. You avoid my polluted hand. How could it be otherwise? A conscientious green-goods man would do the same." He rose from his seat. "Your attitude," he said, "confirms me in a decision that has been in my mind for some days. I will no longer calmly accept this terrible position. I will try to make amends. While I am in charge, I will give our public something worth reading. All these Watermans and Ashers and Parslows must go!"

"Go!"

"Go!" repeated Smith firmly. "I have been thinking it over for days. You cannot look me in the face, Comrade Brown, and say that there is a single feature which would not be better away. I mean in the paper, not in my face. Every one of these punk pages must disappear. Letters must be despatched at once, informing Julia Burdett Parslow and the others, and in particular B. Henderson Asher, who, on brief acquaintance, strikes me as an ideal candidate for a lethal chamber—that, unless they cease their contributions instantly, we shall call up the police reserves. Then we can begin to move."

Betty, like most of his acquaintances, seldom knew whether Smith was talking seriously or not. She decided to assume, till he should dismiss the idea, that he meant what he said.

"But you can't!" she exclaimed.

"With your kind cooperation, nothing easier. You supply the mechanical work. I will compose the letters. First, B. Henderson Asher. 'Dear Sir'—"

"But—" she fell back on her original remark—"but you can't. What will Mr. Renshaw say when he comes back?"