ical laboratory similar to the one d seen operating at Harvard gave

to his feminist enthusiasms, gh the production of plays written d for women. Last month, Mr. and associates opened the Studio tre in Manhattan, an outgrowth outlet of the Smith Laboratory.

RELIGION

e Federal Council

Then the Republican Party meets quadrennial convention, the layis content to know that, some

it has a prescriptive right to inate a presidential candidate. It met for this purpose; and the It requires no definition.

When the College of Cardinals asbles behind closed doors, the laya knows well what its business is. ast week, the Federal Council of rches of Christ in America met Atlanta. One of the reasons for meeting was to define and redeits purpose. Follows an attempted inition in the light of history: General History. Since the 1st ntury, there has always been more In one society or "church" calling elf Christian. But about the year 00 most of civilized Europe recoged one as supremely valid-the oly Roman Catholic Church. With year 1500 began such a tremenus movement of diversity that by 00 there were at least 100 Christian hurches." In the U. S., the largest oup is commonly known as Evanlical and includes the Baptist, Conegational, Methodist, Presbyterian d other "churches" or variations the same to the number of 30.* uring the last Century, most of ese churches yielded their claims

being the sole depositories of hristian truth and informally recogzed each other's essential Chrisanity. The pendulum began to ving back from diversity to unity. Particular History. After several ears of talk, conferences, pamphlets, rayers, most of the Evangelical hurches ratified the idea of a Fedral Council and voted to become onstituent members. In 1908, the Council began, consisting of about 00 members from the 30 churches. t organized itself into committees nd committees within committees. n 1912, it met at Chicago and deided to go on. In 1916, it met at St. Louis and decided it was a sucess. It pointed out that it had not nfringed on the autonomous liberty of action of any of the member hurches; it rejoiced that it had been effective in giving weight and pubicity to the views which all its mem

For example, there is a "Presbyterian Church in the U. S. A.' and a "Presbyterian Church in the U. S." The first is in the North; the second in the South. The first contains modernists; the second does not, perceptibly.

Ask

Santa

Claus!

He knows what people want. He remembers that a quarter of a century ago Jack wanted to see the wheels go round-wheels of a train, of a watch, of a bicycle, of a dynamo. He knows well that Jack still wants to see the wheels go round,-thousands of wheels, wheels within wheels, wheels of the wheeling world. Send Jack a year's ticket to TIME and he will see the whole world go round fifty-two times!

True, this gift will require Santa Claus to make 52 trips instead of only one. But he won't mind. He loves to be the bearer of good gifts.

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ber churches shared on moral welfare and the importance of religion. In 1917, a memorable special session united the churches on the War. In 1920, it met at Cleveland, received Protestant representatives from many countries, pointed to its expanded activities in war and peace, took over the moral authority of the expiring Inter-Church Movement, found itself indisputably an institution of great pitch and moment.

Today, the Federal Council spends

Keystone GENERAL SECRETARY MACFARLAND "You must trust the other 29"

sum.

about $300,000 annually-a paltry Its paltriness is significant. And even two-thirds of this is spent, not on its self, but on special work, such as its Commissions on Race Relations, on International Goodwill, on Temperance. And even this comes more by large private donations than from the constituent member churches. Thus the Council is in no sense a super-church. It has no power over any church. It has no long pay roll. It has no material interests. It does not cost much because:

(Definition) the council is simply a voice. It speaks for two purposes. First, it tells one church how to cooperate with all the other churches. Second, it tells the world what U. S. Protestantism feels about this or that. The voice vibrates through a few secretaries and mimeographs. It is echoed by as many printing presses as can be interested in what it has to say.

Personnel. Every four years, the Council elects a President. Dean Shailer Mathews (1912-16), original theologian and famed University of Chicago educator, was representative of the worth which religious thinkers have attached to the Council. Frank Mason North (1916-20), Secretary of a Mission Board, was representative of the unity urge which has come from American missionaries abroad. Robert E. Speer (1920-24), also Sec

retary of a Mission Board, is regard as one of the greatest churchmen pulpit orators of this quarter centur He is perhaps most representative the church-going public. But of the Council's work has been by its General Secretary, Charles MacFarland. Stoop-shouldere square-jowled, limping a little, deeply earnest Christian, he tran indefatigably from state to sta from nation to nation. In 1925, made 225 speeches at 250 convention Last year, he organized the Hug not-Walloon celebration, selling $ 000 worth of tercentenary coins, which he was bitterly assailed as "unscrupulous propagandist." H is who must keep the 30 church harmoniously in line. Says he to o of the churches: "You must tra the other 29," and it does. He make the Council's voice to speak, mimeograph wheels to go round

"Davidsburg"

Last week, Publisher George Doran proudly announced that " first translation of the Old Testame since the publication of the K James Bible in 1611 has been com pleted." Newspapers everywhere a cepted the event as space-worthy

news.

Fact is, the announcement is a strictly correct. Since 1611, the O Testament has been translated

Chinese, Japanese and many othe languages which had previous known no version. Since 1611, the Old Testament has been translatr by Protestants into many language (Spanish, Italian) which previously had had only the Vulgate or ot Roman Catholic translations. Ab English divines in 1882-84 and U. S divines in 1901 made a complete re vision of the King James versk Their object was to keep the K James version intact except where palpably mistranslated the origi tongues.

Nevertheless, Publisher Doran La a big enough story-for the versat which he announced is the first co plete translation of the Old Test ment into modern English. Thas for example, "The City of David" translated "Davidsburg;" and he begins the account of David's sin.

Old Translation. And it came to pass after the year was expired, at the time whe kings go forth to battle, that David sent Ja and his servants with him, and all Israel, they destroyed the children of Ammon, besieged Rabbah, but David tarried stäl Jerusalem.

And it came to pass in an eveningtide, David arose from off his bed, and wall upon the roof of the king's house: and fra the roof he saw a woman washing hers and the woman was very beautiful to upon.

And David sent and inquired after woman. And one said: "Is not this Ba sheba, the daughter of Eliam, the wile Uriah, the Hittite?"

New Translation. Next spring, at the son when the first messengers of Davi started, David despatched Joab and his tro (the whole army of Israel), who devasta Ammon and besieged Rabbah, David, howeve remained at Jerusalem.

One afternoon David got up from his ar and took a walk on the roof of the royal

From the roof he saw a woman bathing. vas a very beautiful woman to behold, David sent to make inquiries about her. ne said: "That must be Bathsheba, ter of Eliam, the wife of Uriah, the e!"

e new translator is Prof. James att of Glasgow, famed prototype cottish plain living, high thinkhard wor-r-rking. His was the of many famous new transla

of the New Testament. His slation of the Old Testament be complete; but the book which lisher Doran put on sale coned only the books Genesis to er inclusive-i. e., about half the Testament, the half in which t of the events and incidents of ish history are recorded.

SPORT

otball

ld King Football lumbered into the er room, stowed his gear, had him bdown, called it a season. Thanksng Day and the subsequent Saturleft nothing ahead but late holiday es in California and the annual :erfests over "ranking."

his "ranking" stood somewhat as

ows:

Rough-shod, omnivincible, indisputable national champions-Notre Dame. Southern Conference champions (Pickens Cup)-Alabama.

Best Eastern teams-Penn,
Army, Dartmouth.

Yale,

Shop Early

Western Conference championsChicago.

Missouri Valley Conference pions-Missouri.

cham

Mid-West Conference - Knox tied with Lombard.

Southwestern Conference champions -Baylor.

Rocky Mountain Conference champions Colorado.

Northwest Conference - Idaho tied. with Gonzaga.

Pacific Coast Conference champions -Leland Stanford.

Southern California Conference champions-Pomona.

High Mention-West Virginia, Rut

gers.

Thanksgiving Day in the Missouri lley was punctuated by a loud, solid imp administered by Missouri to nsas. The Missouri backfield selectthe third period for two plunging Ichdowns. In the fourth period, nsas passes soared menacingly but re cut down with precision. The re, Missouri 14, Kansas 0, left Neiska no room for argument with ssouri over the Valley title.

Cornell treated Penn's unbeaten team a bleak first period. Long punts and -tackle thrusts kept the Big Red m on an offensive that wilted only fore its own fumbles. Then Penn corked her air game and three touchwns whistled over. The final whistle led Penn's first unbeaten season since 18. Score: Penn 20, Cornell 0.

Big John McBride of Syracuse bided time at the Polo Grounds, Manttan. When his time came, at three ferent moments, he applied his toe to e ball with great care and propelled

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three spinning field goals over Columbia's goal. Backs Koppisch and Pease of Columbia played smart, shifty football but the Syracuse line was too cool and collected for them. Only once did Koppisch slither by. Score: Syracuse 9, Columbia 6.

Also on Thanksgiving Day: Alabama rounded off a bounteous season with 33 points to Georgia's none; Baylor pounded Rice, 17 to 9; Texas edged by the Texas Aggies, 7 to 0; Kentucky subdued her mountaineering neighbors from Tennessee, 27 to 6.

Little Sewanee, which had appeared

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Ready December 20

"Accounting Principles Underlying Federal Income Taxes, 1925"

By E. L. KOHLER, M. A., C. P. A. Of Kohler, Pettengill and Company: Member of the American Institute of Accountants; Professor of Accounting, Northwestern University School of Commerce.

income tax law during 1924. Those changes are of vital importance to every business man, accountant, lawyer and student of income tax. The use of March 1, 1913, values of assets has again been changed. There is a new penalty for evasion of taxes by incorporation, as well as a new rate of tax applicable to individuals. The list of deductible contributions has been enlarged. The 1925 edition of "Accounting Principles Underlying Federal Income Taxes" covers all these changes. It shows the effects of capital net losses on the individual tax-payable. It explains the necessity for inclusion in the return of income from tax-free securities. The publicity of income tax returns is discussed. The proper steps in filing an appeal are carefully listed. These are only a few of the many new points of the income tax law covered in this book. No money now-mail Coupon

TIME, The Weekly News-Magazine. Editors-Briton Hadden and Henry R. Luce. Associates-Manfred Gottfried (National Affairs), John S. Martin, Thomas J. C. Martyn (Foreign News). Weekly Contributors-John Farrar, Willard T. Ingalls, Alexander Klemin, Peter Mathews, Wells Root, Preston Lockwood, Niven Busch. Published by TIME, Inc., H. R. Luce, Pres.; J. S. Martin, VicePres.; B. Hadden, Secy-Treas.; 236 E. 39th St., New York City. Subscription rate, one year, postpaid: In the United States and Mexico, $5.00; in Canada, $5.50; elsewhere, $6.00. For advertising rates address: Robert L. Johnson, Advertising Manager, TIME, 236 E. 39th St., New York City. New England representatives, Sweeney & Price, 127 Federal St., Boston, Mass.; Western representatives, Powers & Stone, 38 S. Dearborn St., Chicago, Ill.; Circulation Manager, Roy E. Larsen. Vol. IV, No. 23.

to Vanderbilt to be all picked, stuffed and ready for the oven, sprang from the platter and carved up the conquerors of Minnesota, 16 to 0.

On Saturday, President and Mrs. Calvin

Coolidge accompanied other football enthusiasts to Baltimore, but their presence was almost out of mind when Cadet Garbisch of the Army

Keystone

BOMBARDIER WELLS "-getting on in years"

(See below)

started kicking field goals at the Navy's cross-spar. Once, twice, thrice, four times, eight times he lifted the ball, at various angles and altitudes, and four times the ball passed over. Score: Army 12, Navy 0.

Pittsburgh would take no nonsense about field goals from Penn State. While the latter potted away ineffectually, Pitt laid open large apertures in the Penn State line, roared through to win 24 to 3.

Notre Dame spent that closing day of the regular season romping through Carnegie Tech, 40 to 19. Carnegie was disconcerting for the first half, keeping an even pace with two touchdowns. Then Notre Dame passes flurried like falling snow.

Other echoes of the dying season: Fordham 9, Georgetown 6; Holy Cross 33, Boston College 0; Centre 14, Georgia 7.

Bombardier's Comeback

At Hoxton Baths, England, British boxing enthusiasts watched a largesized soldier, one Guardsman Pennwill, sink into merciful unconsciousness in the second of what had been planned as a 15-round match. Eyeing his handiwork, an old, familiar

figure stood by in the ringbardier Billy Wells, onetime he weight champion of Britain an Europe. Though long retired getting on in years for a fighter is now 37), Wells had start "comeback."

In his heyday, which he eaj about 1909, Wells was close loyal and capacious bosom ci British fight public. Hans good-humored, excessively re: he was much written about, m discussed. The great enign why so talented a man should after becoming champion, have so much of his ring time in a h zontal position. He succumbed to Al Palzer, U. S. "White Ho in 1912; to Gunboat Smith and tw to Georges Carpentier, in 1913. 1 usual solution offered was that W was sentimento-chivalrous, th stayed the hand of punishment wa an adversary was helpless. Th while fighting Palzer, he stood instead of wading in when P was staggering, reeling in the se round. In the next round, F staggered into Wells' jaw.

More succinct was the explan of Fighter Frank Moran. Moran of Wells: "He's all ch from the waist up."

BUSINES

Current Situation

The stockmarket has in the proved a generally reliable index to $ subsequent course of trade. The markable activity in shares this fal thus been generally taken as the runner of expanding business and sibly higher commodity prices n spring.

Now industrial news is beginning confirm the speculative assump made so vigorously this fall by stockmarket. Colonel Leonard P. A of Cleveland, sage of pig iron, is c'e ful over the iron and steel outlook. creased steel buying and incr prices are reported; the industry is t operating on a 70% basis. W futures continue to rise under sher while staple agricultural prices are and firm. Many industries are pa! turning the corner. Imports a. 1 ports of gold are both increasing despite large recent foreign loans f here, domestic money remains abr and cheap.

Stockmarket

The unusual activity on the S Exchange has continued, accomp

*Bombardier is an obsolete non sioned rank in the British Artiller such, Wells served England in India.