in the South

HE alert community recognizes that it has something at stake when a new enterprise establishes itself within its boundaries.

Recognition of mutual responsibility of a community and its industries has built up the very general desire for local co-operation into a program of practical support in many cities and towns-particularly in

the South.

For this reason, in most cases, selection of a factory location in the
South, resolves itself into weighing the peculiar local advantages
which, from the standpoint of present and future operation, will
offer the most favorable conditions for the industry in question.
One of the assets of this organization of Engineers is a very thorough
knowledge of the South and of the differences between relatively
close sections which may be great enough to influence operating
conditions, the amount of capital investment, or even the degree
of possible success.

We shall be glad to discuss this personally or by correspondence.
Several phases of this problem are discussed in "Examinations and
Industrial Surveys" and in "Factories for the Future," copies of
which we shall be glad to send promptly on request.

Air view of the port of Mobile, Ala., one of a number of Southern cities with important natural advantages for certain fields of industry.

THE FINANCIAL SITUATION-Ten Years After Our Entry Into the European War-Economic Re-
sults in America as Compared with War-Time Expectations-The Present Situation and Its Meaning
-Our Possible Financial History If There Had Been No War Alexander Dana Noyes
BEHIND THE SCENES WITH SCRIBNER'S AUTHORS
WHAT YOU THINK ABOUT IT.

THE CLUB CORNER

705

706A

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597-599 FIFTH AVE NEW YORK + 7 BEAK STREET, LONDON, W. 1.

Copyrighted in 1927 in United States, Canada, and Great Britain by Charles Scribner's Sons. Printed in New York. All rights reserved.
Entered as Second-Class Matter December 2, 1886, at the Post-Office at New York, N. Y., under the Act of March 3, 1879.
Entered as Second-Class Matter at the Post-Office Department, Ottawa, Canada.

The emerald choker necklace and the emerald bracelet were desi Starr Frost to create the ensemble effect which is new an Beautiful Indian carved emeralds are connected, by a decorativ with diamonds, and rondelles of black onyx. Small matche to the attractiveness of the piece. The bracelet has an emer

BLACK STARR & FROS

JEWELERS FOR 117 YEARS-FIFTH AVE., CORNER 48TH ST., NEW YORK PARIS PALM E Gifts That Suit The Needs of Every Taste and Purs

Scribner's Magazine

Pages 2 to 22 following

JUNE

Reg U.S. Pat. Op.

ART EXHIBITIONS IN JUNE

ACKERMAN GALLERIES, 50 East 57th Street, have
assembled a collection of Antique Boxes, interesting
Single Chairs, and numerous small pieces of Eighteenth-
Century Furniture, suitable for wedding-presents.
BROWN-ROBERTSON GALLERIES, 8 East 49th Street,
New York City. Sporting prints by Cecil Alden,
"Snaffles." Collotypes by Sir D. Y. Cameron, R. A.
Woodcuts by W. J. Phillips, A. R. C. A., John Platt,
and Y. Urushibara, tastefully framed.

BUTLER GALLERIES, 116 East 57th Street. Painting
Restoration in all its branches. Transferring, relining,
restoring, cleaning and varnishing. Advice and esti-
mates gladly given. Frames also restored and gilded.
The summer season is ideal for this work.
DURAND-RUEL, 12 East 57th Street. During June and
July, an exhibition of French Paintings.

1927

During this summer season, THE GALLERY OF P. JACKSON HIGGS, 11 East 54th Street, is exhibiting a number of high class Old Masters at moderate prices, especially suitable for country residences.

KENNEDY AND COMPANY, 693 Fifth Avenue, an-
nounce their June exhibition of interesting, decorative,
colored lithographs, consisting of American Cities and
Views. Historical, Western Scenes, Fishing, Hunting,
Clipper Ships, mostly by Currier and Ives.

FREDERICK KEPPEL & CO., 16 East 57th Street.
Etchings by Legros and Lepère.

JOHN LEVY GALLERIES, 559 Fifth Avenue, near 46th
Street, New York, 28 Place Vendome, Paris. Paint-
ings by American artists will be on exhibition and sale
throughout the summer.

TH

HE Classic lines of the early Georgian Period find graceful expression in this set of four Silver Candlesticks reproduced from originals in the CRICHTON COLLECTION. Many other reproductions of equally charming periods are to be had at moderate price.

CRICHTON & CO.

LTD.

EXPERTS IN OLD ENGLISH SILVER

636 Fifth Ave. NEW YORK at 51" Street

(Reg. U. S. Pat. Off.)

ART EXHIBITIONS IN JUNE

MILCH GALLERIES, 108 West 57th Street, New York.
Paintings by the leading American artists, including
Childe Hassam, Gari Melchers, Willard Metcalf,
Robert Henri, Rockwell Kent, George Bellows, Leon
Gaspard, Nicholi Techin, Henry G. Dearth, John
Twachtman, Lillian Genth, Maud Mason, Matilda
Brown, and Cecelia Beaux. The sculptors include Hunt
Diederich, Paul Manship, Harriet Frishmuth, Heinz
Warneke, Mario Korbel, Chester Beach, and Gleb
Dernyinsky.

MONTROSS GALLERY, 26 East 56th Street (just off
Madison Avenue), New York. Paintings by American
artists and pottery by H. Varnum Poor. Special ex-
hibitions always current to which visitors are invited.
HOWARD YOUNG GALLERIES, 634 Fifth Avenue.
Selected paintings by American and foreign artists.
LEWIS AND SIMMONS, INC., 739 Fifth Avenue, New
York; 908 North Michigan Avenue, Chicago; 74 South
Audley Street, London; 16 Rue de la Paix, Paris. Old
Masters and objects of art.

F. DENKS GALLERY, 153 West 57th Street, opposite
Carnegie Hall. Exhibition of etchings and woodcuts
by living artists.

THOMAS AGNEW AND SONS, 709 Fifth Avenue, announce the closing of their gallery for the summer months. They will reopen about October 1.

THE REINHARDT GALLERIES, 730 Fifth Avenue, will be closed during the summer months, reopening about October 1.

KLEINBERGER GALLERIES, 725 Fifth Avenue. Exhibition of Flemish and Italian primitives, also Dutch paintings.

KRAUSHAAR GALLERIES, 680 Fifth Avenue. Paint

ings, water-colors, etchings, drawings, and bronzes by modern artists. Exhibition of paintings by American artists.

AINSLEE GALLERIES, 677 Fifth Avenue. During June there will be an exhibition of American paintings.

DE MOTTE GALLERY, 26 East 78th Street, New York (the former Stuyvesant Fish residence); 27 Rue de Berri, Paris. Works of the Middle Ages and Gothic tapes

tries.

NEW ART CIRCLE and J. B. NEUMANN'S PRINT SHOP, 35 West 57th Street. During June a mixed exhibition of American artists.

MACBETH GALLERY, 15 East 57th Street, New York City. Specially selected group of paintings by American artists will be on exhibition and sale throughout the summer.

AMERICAN ART GALLERIES, Madison Avenue at 57th Street, announce the closing of their gallery for the summer months. They will reopen about October 1. OUR GALLERY (DOWNTOWN GALLERY), 113 West 13th Street, will be closed during the summer months. It will reopen about October 1.

FERARGIL, 37 East 57th Street. A selected exhibition of American paintings.

METROPOLITAN ART GALLERY, 578 Madison Avenue. Exhibition of English, French, and American paintings.

EHRICH GALLERY, 6 East 57th Street. An exhibition of Californian landscapes by Aaron Kilpatrick. MRS. EHRICH. An exhibition of garden furniture and porch accessories.

GAINSBOROUGH GALLERIES, Inc., 222 Central Park South, New York. During June there will be an interesting display of eighteenth-century English Masters Of particular interest will be a self-portrait by Reynolds, a portrait of Lady Hamilton by Romney, and a Gilbert Stuart portrait of John Cochrane, painted during his English period.

ROBERTSON-DESCHAMPS GALLERY, 415 Madison Avenue. Exhibition of dog prints and wood-block prints for the country home. Drawings of the horse in action by Paul Brown, and Warren Davis etchings.

J. ARTHUR HULL 'Salon of Jewels
565 Fifth Avenue

Entrance 9 East 46 th Street