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THE WORLD OF BUSINESS BOOKS

HE BUSINESS OF LIFE" by Hugh planation of the various kinds of encum

"Tw. Sanford (Oxford) discusses in detail

the constitution of what could be termed the Ideal State, and in doing so makes a rather well ordered and sympathetic effort to chart the way toward an understanding of human progress. Government's idea concerning itself, its consciousness of its own evolution, and the processes and policies of government as compared to its duties and responsibilites, are some of the questions discussed by the author, the scope of whose inquiry is exhaustive. Mr. Sanford has in one book treated, among other things, business, economics, population, wages, civil government, eugenics, and the relation of the human mind to all.

Dwight T. Farnaham, H. E. Howe, R. W. King, and J. A. Hall are the joint authors of "Profitable Science in Industry" (Macmillan). The first named explains the general principles of scientific management in industry. Dr. Howe presents the usefulness of the chemist in industry, and Dr. King does the same for the electrical engineer. The mechanical engineer's contribution to manufacture through steam power plants, hydraulic turbines, and interval combustion engines is discussed by Mr. Hall. The unusual manner of presentation, combined with the professional calibre of the authors, makes the book an exceedingly useful one and one which makes a strong case for scientific management.

Many ideas regarding the profession are to be found in the "Real Estate Manual" (Doubleday, Page) edited by Harry Hall, Charles G. Edwards, Argyle R. Parsons, and A. C. McNulty. It is not a textbook, but a volume of information useful to realtors and others. It includes a statement of the duties and responsibilities of brokers, the bases of tenure of real property, and an ex

brances and easements. There are chapters on methods of selling and leasing, on building management and financing, and advice on appraisals, advertising, insurance, and cooperative ownership.

"The Consolidation of Railroads" (Macmillan) is by Walter M. W. Splawn, Ph.D., a member of the Texas Railroad Commission and professor of economics in the University of Texas. In this book he deals comprehensively with the proposal to group the railroads of the United States into a limited number of systems. He traces the genesis of the consolidation idea, shows the purposes behind the statute, and gives a summary and consideration of the Ripley report to the Commission.

Robert S. Brookings in "Industrial Ownership, Its Economic and Social Significance" (Macmillan) goes one step beyond the problem of labor and capital and considers, rather, labor and the public. "The CapitalLabor problem, the many phases of which have been so long under discussion, is in the process of solution through the wide distribution of industrial ownership among relatively small stockholders", says Mr. Brookings. He presents some interesting tables of comparative profits, and then very reasonably shows that labor participation in the management of industry, and increased production per capita, will result in better living conditions for the workers. In reality the book is an advanced study of labor's relations with society. —J. G.

THE ORDER OF BOOKFELLOWS

An International Association of Readers and Writers
THE STEP LADDER

A Monthly Journal of Bookly Ascent
We have something of interest for every bookly-minded person.
Just say you are interested.

FLORA WARREN SEYMOUR, Clerk
4017 Blackstone Avenue
Chicago, Ill., U. S. A.
Please mention THE BOOKMAN in writing to advertisers

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THE NEW BOOKS

Fiction

To Babylon, by Larry Barretto [Little].

If Dreams Come True, by Alice Ross Colver [Penn].
Lucky in Love", by Berta Ruck [Dodd].

With This Ring, by Fanny Heaslip Lea (Dodd].

Nora Pays, by Lucille Van Slyke (Stokes].

Five in Family, by E. H. Anstruther (Mrs. J. C. Squire) [Dodd]. Mrs. William Horton Speaking, by Fannie Kilbourne [Dodd). Short Stories Written in Shanghai, by Members of the Short Story Club [Shanghai: Oriental Press].

Drag, A Comedy, by William Dudley Pelley [Little].

The Constant Nymph, by Margaret Kennedy [Doubleday].
The Virgin Flame, by Ernest Pascal [Brentano].
Soundings, by A. Hamilton Gibbs [Little].

The Prince of Washington Square, An Up-to-the-Minute Story, by Harry F. Liscomb [Stokes].

This Mad Ideal, by Floyd Dell (Knopf].
Jonah, by Robert Nathan (McBride].

The Chaste Diana, by E. Barrington [Dodd].

The Black Soul, by Liam O'Flaherty [Liveright].

Tongues of Flame, and Other Stories, by Algernon Blackwood [Dutton].

Spanish Sunlight, by Anthony Pryde [Dodd].
The Carolinian, by Rafael Sabatini [Houghton].

The Dinner Club, by H. C. McNeile (Doran].

Triple Fugue, by Osbert Sitwell [Doran].

Alias Ben Alibi, by Irvin S. Cobb [Doran].
Bill the Conqueror, by P. G. Wodehouse [Doran].
Najib, by Albert Payson Terhune [Doran].

The Loring Mystery, by Jeffery Farnol [Little].

Lucienne, by Jules Romains, trans. by Waldo Frank [Liveright]. Thomas the Impostor, by Jean Cocteau, trans. by Lewis Galantière [Appleton).

Death in Venice, by Thomas Mann, trans. by Kenneth Burke [Knopf].

Segelfoss Town, by Knut Hamsun, trans. by J. S. Scott [Knopf].
Marie Grubbe, A Lady of the Seventeenth Century, by Jens Peter
Jacobsen, trans. by Hanna Astrup Larsen [Knopf].
Prisoners, by Franz Molnar, trans. by Joseph Szebenyei [Bobbs].
God of Might, by Elias Tobenkin [Minton].

Trimblerigg, A Book of Revelation, by Laurence Housman [A. &
C. Boni].

The Keys of the City, by Elmer Davis [McBride].

The Grand Inquisitor, by Donald Douglas (Liveright].

The Black Cargo, by J. P. Marquand (Scribner].

Under the Levee, by E. Earl Sparling (Scribner].

The Mirror and the Lamp, by W. B. Maxwell (Dodd].
Wild Marriage, by B. H. Lehman [Harper].

The Shadow Captain, by Emilie Benson Knipe and Alden
Arthur Knipe [Dodd].

The Bronze Collar, A Romance of Spanish California, by John
Frederick [Putnam).

A Voice from the Dark, by Eden Phillpotts (Macmillan).
Veterans All, Anonymous [Amer. Lib. Serv.].

The Valiant Gentleman, by M. J. Stuart [Small].

The Wife-Ship Woman, by Hugh Pendexter (Bobbs].

A Bridgeman of the Crossways, by Justin Heresford, Jr. (Marshall Jones].

Barbara's Marriage and the Bishop, by Esther W. Neill [Macmillan).

The Come-Back, by M. D. C. Crawford [Minton].

Egbert, by W. A. Darlington [Penn].

The Lane, by Helen Sherman Griffith [Penn].

The Judgment of Paris, by Carleton Kemp Allen [Dodd].

The Low Road, by Isabella Holt (Macmillan).

Clothes Make the Pirate, by Holman Day [Harper].

The Lion Tamer, by Carroll E. Robb (Harper).

The Copy Shop, by Edward Hungerford [Putnam].
Dominie's Hope, by Amy McLaren (Putnam].
The Sage Hen, by F. R. Buckley [Bobbs].

Princess Amelia, by Carola Oman [Duffield].

Sea Plunder, by Patrick Casey [Small].

Cobweb Palace, by Rosamund Nugent (Appleton].

Yorke the Adventurer, and Other Stories, by Louis Becke [Lippincott].

A Taste of Honey, by Eric Maschwitz [McBride].

Dreaming Spires, by Diana Patrick [Dutton].

The Forest of Fear, by Alfred Gordon Bennett [Macaulay].

Andrea Thorne, by Sylvia Chatfield Bates [Duffield].

Last Year's Nest, by Dorothy A Beckett Terrell [Appleton].
One Hour And Forever, by T. Everett Harré [Macaulay].
The Murder Club, by Howel Evans [Putnam].

The Unconscious Influence, by Mrs. Anna L. Parkes [Stratford].
The Rise of Young Shakespeare, A Biographic Novel, by Denton
Jaques Snider [St. Louis: Wm. Harvey Miner Co.].

Art

A History of Sculpture, by George Henry Chase, Ph.D., and Chandler Rathfon Post, Ph.D. [Harper - Fine Arts Series]. Gauguin, by Robert Rey, trans. by F. C. de Sumichrast Claude Monet, by Camille Mauclair, trans. by J. Lewis May Renoir, by François Fosca, trans. by Hubert Wellington Cézanne, by Tristan L. Klingsor, trans. by J. B. Manson [Dodd- Masters of Modern Art].

One Billion Dollars Lost

BANKERS estimate that Americans pay

one billion dollars a year for worthless securities. Think of it nearly $10 apiece for every man, woman and child in the United States! In almost a score of states the assessed valuation of all real estate is less than one billion dollars.

Such Losses can be Avoided

Caution, Care, Investigation and, above all, consultation with your investment banker will reveal safe and profitable investment opportunities for you.

The Financial Article that appears in the April issue of Harper's Magazine will help solve your investment problems.

Form the habit of reading the financial article in every issue. You will find them profitable.

HARPER'S MAGAZINE

49 East 33rd Street, New York, N. Y.

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THE CONTRIBUTORS' COLUMN

ROBERT BENCHLEY, the able young

vaudevillian and one of the editors of "Life", may still be seen at first nights. So far, in manner and approach, he is more critic than actor, but you never can tell with these fellows. S. FOSTER DAMON is a young graduate of Harvard University who wrote a book on William Blake which was both thoughtful and beautifully written. He is a poet of growing importance. HUGH WALPOLE has been traveling on the Continent this winter. His "The Old Ladies" is still on the best seller list, his "Portrait of a Man with Red Hair" will be published in the autumn.

RUTH MANNING-SANDERS is a young lady who resides in England, writes a lovely round hand, and has had many poems published in the English periodicals. ROBERT H. DAVIS, editor of "Munsey's", has been adept over a period of years at discovering authors. He has many activities. One of them is photography. The portraiture photography of authors is his recreation. He has made over sixty lifesize portraits of leading writers in this country. He uses no artificial lights, and does not retouch his negatives. His collection of letters from authors is extraordinary there are some thirty two thousand of them. From these he intends soon to draw data for the production of a history of American authors over a period of the last twenty five years. He also intends to write some boy's stories, we hear.

J. O'H. COSGRAVE, of the editorial staff of the New York Sunday "World", was born in Australia, grew up in Auckland, New Zealand, and began editing a socialpolitical weekly, "The Wave", in San Francisco in 1889. This was an audacious disturber of traffic and convention which numbered among its staff of sharpshooters Arthur McEwen, Ambrose Bierce, and other celebrities of that brilliant period in Cali

At the

fornia history. During its troublous career, "The Wave" served as teething ring for a number of literary aspirants such as Frank Norris, Gelett Burgess, James Hopper, Juliet Wilbor Tompkins, Bob Davis, and others who subsequently contrived reputations for themselves in New York. demise of this publication in 1900, Mr. Cosgrave emigrated to New York, was made managing editor of "Everybody's Magazine", then published by the new firm of Doubleday, Page for John Wanamaker. He participated in the great periodical reform movement, helped Thomas W. Lawson write "Frenzied Finance", the most successful magazine serial on record, was the second or third discoverer of O. Henry, and assisted at the incubation of a number of the best sellers of the last twenty years, for which he insists, however, he is not to blame. During the years on "Everybody's", Mr. Cosgrave exposed such national institutions as escaped Sam McClure, Ida Tarbell, Lincoln Steffens, and Ray Stannard Baker, revealing the heinous errors of the meat and tobacco trusts, the sins of Wall Street, of the bucket shops, helped the suffrage movement to its feet, and put Judge Ben Lindsey before the public. That was the period in which magazine editors helped run the United States and were accustomed to hold consultations with Roosevelt and Taft. Later he presided over the Butterick magazines, was one of the procession of Collier editors, and joined the "World's" editorial staff in 1912. 1912. Outside journalism Mr. Cosgrave is interested in Chinese paintings, music, mysticism, and the Dutch Treat Club. His wife is Jessica G. Cosgrave, head of the Finch and Lenox Schools. He has never in all his life, he declares, made a speech.

GEORGE JEAN NATHAN is said to be about to retire from active editorship of "The

THE CONTRIBUTORS' COLUMN

American Mercury", and to sail for Europe, where he will live, study, and produce-with the assistance of foreign climes - a novel. Perhaps this novel business is libel; but someone told us. LEONORA SPEYER has been living in New York City this winter and, we hear, entertaining the literary folk with her usual lavish hospitality. ALEXANDER BLACK, author of "Stacey" and "The Great Desire", makes a personal confession of youthful hurry in his paper on "How Old Is Genius?" He does not tell the whole truth by admitting that his first story was printed when he was nine or that he was an active newspaper reporter at sixteen. "It may be", he says, "that living down early stuff has given me a prejudice, not so much against natural precocity as against being in a hurry. If a man could run his literary career the way Longboat runs a marathon, there would be a better record. You will say that this is a fine theory-writing each thing as if you had all eternity for the job. So it is. As a theory it may be almost perfect. But I don't let myself be sarcastic about it. We shouldn't run, like Nurmi, with a stopwatch in our fist, but there's something, too, in not thinking we have to demonstrate. It is eagerness to make an impression that I have in mind. Meanwhile, there is one thing you can be sure of: Every sin against which we may warn youth has been committed by the great ones we bid youth to admire. This is awkward for the pontifical. Yet there is a nice point in it one that is plain enough not to need a preachment."

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MAXWELL BODENHEIM, the poet, critic, and novelist, has recently published a new and striking story called "Replenishing Jessica". NORA ARCHIBALD SMITH, sister of Kate Douglas Wiggin and herself a well known writer of children's stories, was close to her sister in work and life for many years.

THE ORDER OF BOOKFELLOWS

An International Association of Readers and Writers THE STEP LADDER

A Monthly Journal of Bookly Ascent We have something of interest for every bookly-minded person. Just say you are interested.

FLORA WARREN SEYMOUR, Clerk 4017 Blackstone Avenue

When she and Mrs. Riggs went over their papers, they put many of them into a box marked for posthumous use. It is from this receptacle that Miss Smith has drawn much of the material to be used in her new book about her sister. FRANK L. PACKARD, one of the most popular of adventure and mystery story writers, is an inveterate golfer and traveler. He recently returned to his home in Canada after globe trotting and proceeded to begin on another story. His latest published volume is called "Running Special". GRANT OVERTON, now the fiction editor of "Collier's", still finds time occasionally to consider critically the authors whose work he passes on professionally, and other authors too, of course. RICHARD BURTON keeps his temper and his sense of humor in spite of an immense amount of labor. He writes us gaily:

I find life mostly catching trains, south, east, west or north, in order to make a lecture. It's interesting work, but cuts fearfully into the time one wishes to give to writing books. Two such have been contracted for, long since - one on the Bible, the other on American drama — and how they can ever get themselves done, the present scribe knows not. However, having perpetrated over twenty already, why worry? Surely, the public doesn't; and it is well to fall into line with others and philosophically declare that of the making of books there is no end and, too often, no use!

As this is written, I am starting for my three months' job at the University of Minnesota, the only period I give that college. Ten weeks' solid booking for summer school work will follow; and by September, I shall again be east, ready to talk literature in these parts to all and sundry. There is no stagnation in such a program!

MARGUERITE WILKINSON is at present working on an anthology of Christmas poems. She has only recently published her new critical study, "The Way of the Makers". ROSE MACAULAY, the English novelist, made her first success in this country with "Potterism", and she has followed it consistently with books of great charm and ironic humor, such as her latest, "Orphan Island". HENRY BESTON, a native of Boston, is this year living and writing in New York City. He has purchased a plot of ground on the dunes at Eastham and plans to spend a summer on Cape Cod, then a summer in Spain. His fairy stories are (Continued on tenth page following)

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