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>mitted, is as thoughtful and pracal as some of the earlier chapters bright and reminiscent.

The Author. Francis L. Wellman the senior partner of the firm of ellman, Smyth & Scofield. He s an Assistant District Attorney New York County under Dr. ncey Nicoll (1891-94) and speciald in homicide cases. He is the hor of The Art of Cross-examina2 and A Day In Court, both of ich books are slightly more profesnal in their appeal than is Gentlemen the Jury.


No Admittance"



John J. Daly, dramatic editor of The ashington Post, one night last week 1ght himself a ticket at the box office Poli's Theatre. There was a new >w on. Editor Daly stood ready to w, then to review it. At the door, itor Daly proffered his ticket. Up shed the house manager employed by : Poli's lessees, Messrs. Shubert of anhattan. Politely but firmly, the use manager possessed himself of litor Daly's ticket, marched to the x office, cashed the ticket for its face lue, handed the money to Editor aly, explained that on no account ould the Messrs. Shubert permit Edir Daly to enter their Washington eatre after what he had said in his per about Artists and Models, a Shurt show on tour which had visited 'ashington earlier in the month. here was naught for Editor Daly to , but take himself away from the Poli heatre, naught to console him but the emory of his review of Artists and odels.

The review had been headed: Artists and Models Found to Feature 1ggestiveness-Revue at Poli's Called lend of Old-Time Burlesque and audeville, with Vulgarity and Coarsess Striking Numbers." The review id admitted there were lovely, even xquisite, scenes, but had said that the ow wound up "with dirt behind the rs."

Other Washington critics had reed that the show was somewhat f-color, but only Editor Daly had id: "Evidently everything has to be inted to get in Artists and Models."

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As it must to all men, Death came to James Berwick Forgan, in the 73rd year of his life and the 24th of his career as the outstanding figure of the Chicago banking fraternity. Stricken at his desk with heart disease, he was



His humor was kindly.

taken to the Presbyterian Hospital, where a transfusion of his son's blood (James B. Forgan, Jr.) rallied him momentarily but was ultimately unsuccessful in saving his life. He died surrounded by his family, after singing favorite hymns with his pastor and saying: "I have put up the best fight I could."

Forgan is one of the old names in St. Andrews, Scotland. James Berwick Forgan was born there, one of six children of Robert Forgan, maker of golf clubs and balls. After an education at Madras College (St. Andrews) and Forres Academy (Forres), where his uncle was long rector, Mr. Forgan was dissuaded from a predilection for the Law by another uncle, who apprenticed him to the banking profession. Three years' training, and he was accepted by the Bank of British North America, in its London establishment. Soon he crossed the Atlantic, continuing his study and practice of banking in Montreal, Manhattan, Halifax.

The directors of the Bank of Nova Scotia, struck by his distinguished bearing and demeanor, engaged him as paying teller, and, aged 30, as branch inspector. They sent him to Minneapolis to open a new branch. There the Northwestern National Bank made him cashier and he in turn made the Northwestern one of the strongest institutions in its territory.

Chicago heard of James Berwick Forgan; Lyman J. Gage, President of The First National Bank of Chicago, made him his Vice President in 1892. In


dent McKinley's Secretary of the Tra ury, Mr. Forgan moved up into the pos tion that was to designate him "dean Chicago bankers."

The First National grew enormou under the Forgan touch: its assets fr some 49 millions in 1900 to nearly 2 millions in 1915; its deposits from 4 millions to 219 millions in the sam period. Its good will and reputation sound policy increased equally rapid Mr. Forgan concerned himself with t character and welfare of his employes giving fatherly talks and plain advice: each newcomer.

In 1916, after the First National become the largest financial institutic. Chicago, Mr. Forgan relinquished presidency, but continued active in the bank's affairs as chairman of the boar

For 21 years, Mr. Forgan had bec Chairman of the Clearing House Comittee; for five years he had bee director of the Federal Reserve Bank: Chicago; for six years he had be President of the Federal Advisory Co cil of the Federal Reserve Board, Washington.

Mr. Forgan was widely and affecti ately known as "J.B." and "The . War Horse." His humor was kind his sense of justice, honesty and disc pline that of a stern Scot. Testimonia from his friends reflected the gratitud Chicago owed him for his services de ing 30 years of prosperity and panic.


"Greatest Tax"

The publication of income taxe brought out some interesting fac about corporations as well as about dividuals. The greatest single tax p by any one industrial organization wa $15,930,901-the 1923 income tax the U. S. Steel Corporation. The sir lar tax paid by the Ford Motor Co. same year was $14,449,673.

The Ford Co. started with a cap talization of only $100,000, of wh only $28,000 was in actual cash. Steel Corporation, on the other har started with a capitalization of over i billion, including bonds. Today, Ford Co. has no bonds, while U Steel has many millions in outstand bonds. Ford Co. is capitalized at $ 264,500, compared with $868,583,600 capital stock for U. S. Steel. The ter's assets were listed at $2,420,8827 while those of the Ford Co. were give as $568,101,639. Steel's working c tal was $451,192,447: Ford's was $257 295,916. The Steel Corporation h 147 steel works, 123 blast furnaces, 3 open hearth and electric furnaces, a 157 sheet jobbing and plate mills; t Ford plants are 34 in number, and 2 located all over the world.

Foreign Loans

This year promises to establish new record for the lending of U funds abroad. Thus far, $1,007,91 000 of foreign loans have been float and distributed among home inves

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ina, 20; Paris-Lyons-Mediterranean Macfadden Attacked
Railway, 20; Ontario, 17; Consoli-
lated Electric Power Co. of Japan,
15; Nord Railway, 15; Finnish Mort-
gage Bank, 12; Canadian Pacific, 10;
Paris-Orleans Railway, 10.

In the past four years, foreign Government financing in the U. S. has totaled as follows:

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The motor industry, generally speaking, is in the position of a squirrel in a cage. So far as profits go-it is very active but dubiously profitable. Production of cars proceeds at a good rate, but competition has so reduced retail prices that there is little satisfaction in it all.

Two of the leading manufacturers have recently precipitated more trouble by announcing further price cuts. This occurrence has thrown quite a blight over the plans of many car makers to raise prices next season to a point where larger profits could be seen in the business. Instead, the coming issue will apparently be the survival of the fittest, with the probability that weaker concerns will either retire or consolidate.

Two factors, however, will govern the extent of this prospective elimination of the smaller car manufacturer There will always be room in the industry for makers of specialty cars, who do not compete in the more standardized field. Secondly, a weak company today may nevertheless bring out next season's most popular car and put itself in a stronger position. The great success this year of the Chrysler car has done just this for Maxwell. On the other hand, the strong companies must each year bring out very appealing new models or lose their position in the industry, as Studebaker has discovered. The competition in the motor-car business is concerned not only with prices, but also with styles and fashions.


Sears, Roebuck & Co., famed Chicago mail-order house, last week elected a new president, Charles M. Kittle, to succeed Julius Rosenwald. Because of the large trading in Sears, Roebuck shares on the New York Stock Exchange, brokerage houses, financial bigwigs evinced interest. Mr. Kittle, now 44, began his rise to fortune as a water-boy to a railroad section-gang when he was 14. At 17, he was a telegraph operator, then cashier, chief clerk, superintendent. He was general manager of the Illinois Central Railroad. During the War, he

Just as a surgeon will whip out his scalpel to whittle away proud flesh, so the American Medical Association has whetted the policy of Hygeia, its monthly instrument for the interpretation of modern medicine to the lay public, and begun whittling at an unhealthy protuberance in the publishing field, namely, Physical Culture, a monthly magazine published by one Bernarr Macfadden (TIME, June 4, 1923; July 14, Sept. 22). The November issue of Hygeia carried "the first of a series of articles . . . discussing the manner in which the hope of relief from suffering and disease is exploited by the promoters of peculiar

cults and fads."

Said Hygeia: "Modern quackery as an industry has grown to the point where it is able to support numerous subsidiary businesses that cater to its needs. Especially is this true in that particular field of quackery commonly designated as drugless.

"The publication known as Physical Culture. . . is an outstanding example of the money that is to be made from catering to ignorance and furnishing a contact between the quack and his vic


"Physical Culture has been put forward as a magazine for those who think.


"The student of journalism is always suspicious of a slogan of this type, whether applied to magazines or newspapers, for he knows that usually those publications that boast that they are prepared for people who think are actually edited for morons.

"Editorially, Physical Culture is devoted to fantastic and bizarre fads and the exploitation of Bernarr Macfadden. Every issue reeks with sex appeal. The Detroit Saturday Night has described Macfadden as 'the bare torso king' and the description is apropos.

"The usual cover design is that of a woman in as little clothing as the law allows, so disporting herself as to show a maximum amount of nudity compatible with retention of second-class mailing privileges. Within the cover one finds the same theme played up. . . Nor is the male neglected. Macfadden himself in various stages of undress, and various other supermen with little on but a surcingle doubtless attract many quarterst from girls and women who feel the biologic urge."

Physical Culture and other Macfadden publications are abhorred in many quarters for their execrable taste and blatant hypocrisy. But the prime motive of the attack upon Physical Culture by

*Slogan of Publisher Hearst's New York American: "A paper for people who think." The price of Physical Culture is 25c a


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"A work of first rate importance.
As easy for the layman to read
as Hendrik Van Loon's The
Story of Mankind."

Burton Roscoe in New York Herald.

An Account of Social and Re-
ligious Development in the Old

By A. W. F. Blunt

Net $1.00 This is the only book in English which attempts to give a clear picture of the Social and Historical background of the Old Testament.

"Mr. Blunt has developed his subject with a keen interest in its human and social as well as its historical values."-New York Times.


By Mrs. H. A. L. Fisher

Paper Cover, 50c

A brief summary of the improvements in the legal status of married women, with a consideraton of what improvements 'have still to be made in their economic position.

TORY PARTY 1640-1714
By Keith Feiling Net $6.00
The book pays a fine tribute to
the lasting value to political
theory of a party that contains
the names of some of the great-
est Englishmen of the 17th and
18th Centuries.

By Herman Melville

Nett 80c

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the American Medical Association was to prevent the dissemination of what the Association feels to be outrageously fallacious and dangerous medical misinformation. Hygeia's article, to which the attention of the medical profession was called editorially in the Oct. 25 issue of the Association's Journal, concentrated chiefly upon the advertising pages of Physical Culture, citing numerous nostrums there offered which the Medical Association declared to be positively fraudulent. Hygeia reproduced, in reduced size, a pageful of these advertisements, commenting also on the fact that Physical Culture, while professing a violent antagonism to drugs, would accept displays for such substances as "Sargol," "Sanatogen," "Absorbine Jr., "Murine" and other patent medicines.

The article concluded: "The amount of harm that Physical Culture does is incalculable. Not only do its advertising pages inevitably tend to destroy pub

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Death is invariably attended by pleasant physical phenomena which fer but little in most instances an which physicians become hardily arc tomed. Exceptionally unstomachal however, were those changes acce panying the disease of a certain Mer can woman in Los Angeles, just as th circumstances of her illness had be exceptionally baffling. Dead, she wa interred conventionally; husband ar friends hacked to the burial. A wo later her husband died, the same diagnosed distemper causing his demise the same grim disfigurement conseque upon it, as had occasioned, attend the death of his wife. Each day thereafter was marked by the death, un identical circumstances, of one or mor of those who had followed the body c the woman. People in the section ci the city-a poor one-where the deat were occurring began to whisper word whose horror, long laid in earth, once screamed from every dite devastating cities. "Plague," they sai Health authorities acted. The Mex can Quarter was tightly quarantine? None were allowed passage through streets, even in automobiles. None wer allowed egress from the district except a few industrial workers with special permits. Food was delivered but no garbage or milk containers taken out The dead were burnt at once. These ministering to the pestilence-stricke went in and out wearing a sterilize habit, their faces masked. Doctors stated that a pneumonic rather than bubonic germ was responsible for the disease, but awaited a final diagnosis Deaths, which numbered 21 in 15 days went on mounting.


When a man gives his blood to save the life of another, whether on the fiel of honor or on the operating tables, has long been conventional to regar! him as a hero. Comes Dr. Geoffrey Keynes of St. Bartholomew's Hospita'. England, with a denial that there is any virtue of sacrifice in the act of offering one's blood for transfusion. Positive benefit rather than injury is to be expected from the deed. Said he: "It should be widely known that a

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