To alter the scheme of a weekly from cover to cover is not a task that is completed without work. The dismissal of _Cosy Moments_' entire staff of contributors left a gap in the paper which had to be filled, and owing to the nearness of press day there was no time to fill it before the issue of the next number. The editorial staff had to be satisfied with heading every page with the words "Look out! Look out!! Look out!!! See foot of page" printing in the space at the bottom the legend, "Next Week! See Editorial!" and compiling in conjunction a snappy editorial, setting forth the proposed changes. This was largely the work of Psmith.

"Comrade Jackson," he said to Mike, as they set forth one evening in search of their new flat, "I fancy I have found my metier. Commerce, many considered, was the line I should take; and doubtless, had I stuck to that walk in life, I should soon have become a financial magnate. But something seemed to whisper to me, even in the midst of my triumphs in the New Asiatic Bank, that there were other fields. For the moment it seems to me that I have found the job for which nature specially designed me. At last I have Scope. And without Scope, where are we? Wedged tightly in among the ribstons. There are some very fine passages in that editorial. The last paragraph, beginning '_Cosy Moments_ cannot be muzzled,' in particular. I like it. It strikes the right note. It should stir the blood of a free and independent people till they sit in platoons on the doorstep of our office, waiting for the next number to appear."

"How about that next number?" asked Mike. "Are you and Windsor going to fill the whole paper yourselves?"

"By no means. It seems that Comrade Windsor knows certain stout fellows, reporters on other papers, who will be delighted to weigh in with stuff for a moderate fee."

"How about Luella What's-her-name and the others? How have they taken it?"

"Up to the present we have no means of ascertaining. The letters giving them the miss-in-baulk in no uncertain voice were only despatched yesterday. But it cannot affect us how they writhe beneath the blow. There is no reprieve."

Mike roared with laughter.

"It's the rummiest business I ever struck," he said. "I'm jolly glad it's not my paper. It's pretty lucky for you two lunatics that the proprietor's in Europe."

Psmith regarded him with pained surprise.

"I do not understand you, Comrade Jackson. Do you insinuate that we are not acting in the proprietor's best interests? When he sees the receipts, after we have handled the paper for a while, he will go singing about his hotel. His beaming smile will be a by-word in Carlsbad. Visitors will be shown it as one of the sights. His only doubt will be whether to send his money to the bank or keep it in tubs and roll in it. We are on to a big thing, Comrade Jackson. Wait till you see our first number."