Dead Lovers re Faithful Overs y Frances Newman uthor of he Hard-Boiled Virgin abell, Mencken, W. E. WoodFard, Rebecca West, and other sted writers welcomed THE HARDOILED VIRGIN for civilization's ke. Civilization is again well-served Miss Newman's new novel. It is a vory summing-up of marriage as a nteel function, with southern ariscracy as its background; written in style of many subtle beauties. $2.50. Two editions before publication. Sunset Gun y Dorothy Parker uthor of ENOUGH ROPE ore poems that will be heard round the orld. ENOUGH ROPE was one of e most brilliantly successful books of etry in recent literary history. Dorothy rker's new book is as wise, as peneitingly ironic, as wittily daring. $2.00. Woman En Flight y Fritz ReckMalleczewen ften enough modern life is called a Daisy and y Rose Macaulay For me DAISY AND DAPHNE That Bright A superlative writer, a fine con- -Ohio State Journal. Strange by Eugene O'Neill An event in the GOOD & The Road by Albert Londres Blair Niles, N.Y. 2 editions before publication. $2.50. THE NEW CRIMINOLOGY by Dr. Max G. Schlapp and Edward H. Smith Dr. Schlapp's studies of the relation between crime and mental and glandular disorders were the inspiration of many of Governor Smith's social reforms and of his recent move to reform criminal procedure. Mr. Edward Smith's intensive knowledge of crime and crime history made this practiced writer the ideal collaborator for Dr. Schlapp. Illustrated with charts and case photographs. Octavo. $4.00. CONTEMPORARIES Edited by Manuel Komroff MOODS CADENCED AND DECLAIMED by Theodore Dreiser The first general edition of a work first published in a limited edition and now a collector's prize. In this collection are gathered together moods, as felt and written from time to time by our foremost American novelist. They are free expressions, often lyrical, often poetic, of a complex and many-faceted mind. With 15 symbols by Hugh Gray Lieber. $3.00. POEMS IN PRAISE OF PRACTICALLY NOTHING by Samuel Hoffenstein Has delighted Dorothy Parker, H. L. Mencken, F. P. A., Ernest Boyd, Burton Rascoe, and all other connoisseurs. Dorothy Parker says: "Were I to be cast alone on a desert island-there would be the book that out of the libraries of the world I should wish to have along with me."-New Yorker 4th large edition. $2.00. Julian Green is a psychologist in tracing the finespun course of Adrienne's obsession. He is an artist in presenting it through the medium of minute outward details. The motion of an eyelid is noted for its comment on the thought within; every sigh must be recorded, each telling gesture plotted. The setting, too, has a complete reality built of the same careful observation. This concentration is the strength and weakness of the book. Even more than in his previous novel, Ararice House, the author sets his characters apart and cuts them off from normal life. They live in a walled precinct in which their obsessions become plausible and their absurdities have a logic of their own. Here they can sit absorbed in their desires, without intrusion from the world outside. He makes one feel the terrible importance to Adrienne of such little acts as passing the doctor's closed gate at a certain hour, or watching for his lamp to be lighted. These are the meat and drink of the obsession. Within its own precinct it thrives and has impressive strength; but a touch of the natural world would destroy it. The story is no less true on this account, but it is less important. Julian Green's powers of observation have now been proved, and he has asserted his full command of one human category. His knowledge of a wider range of emotion remains to be tested. It is to be hoped that the merits of The Closed Garden will not be falsified by the circumstances under which it comes to America. Those who are impressed with paradoxes will not be able to forget that Julian Green is a Frenchman of American parentage who might as well have chosen English as French for his language. France has been flattered by his choice, and the echo of French praise for his work is already loud in America. Now the judges of one of the large book clubs have named The Closed Garden as the monthly choice for their seventy-five thousand members. Whatever such readers may think of this girl who murders her father and goes mad for love, they should be held by the force of the details and the spell that inheres in a morbid subject skillfully handled. MARSHALL A. BEST DOUBLEDAY, DORAN & Co. Illus. $5.00 THE MACMILLAN Co. $2.50 HOUGHTON MIFFLIN CO. Illus. $6.00 MINTON, BALCH & Co. Illus. $8.50 could have germinated. It contributes much new The Closed Garden, by Julian Green. Trans- THE lonely soul is fertile ground for obsessions, and the seed may be planted and tended unawares. Adrienne Mesurat was marked for solitude by the circumstances of her middle-class life in a small French town, and by the austere independence which she inherited from the Mesurats. Her mother was dead; her father was a household tyrant and her much older sister had no sympathy. The Closed Garden is the story of an obsession. Adrienne encountered a stranger on the road one day; he bowed to her as a matter of provincial courtesy, and her life converged upon this memory as a focus. The rest of existence receded and became insignificant. One by one her acts were directed by her thought of him. She secretly returned each day to the place where she had seen him; she watched for him from the window hour after hour. Learning that he was a doctor, she put her arm through the pane in the hope that he would be called in to dress the wound. When a friendly word or a single interest in life might have cured her, they were not offered. She encouraged her sister to run away from home, knowing that her sister's room had a better view of the doctor's window. Her father became suspicious and threatened to intervene; and in a sudden fury she pushed him downstairs to his death. Her solitude increased. She was unable to reach out for the contacts that would make her whole again. It could end only in a death of the mind more tragic and conclusive than the death of the body. The books selected for review in the Atlantic are chosen from lists furnished through the courteous coöperation of such trained judges as the following: American Library Association Booklist, Wisconsin Free Library Commission, and the public-library staffs of Boston, Springfield (Massachusetts), Newark, Cleveland, Kansas City, St. Louis, and the Pratt Institute Free Library of Brooklyn. The following books have received definite commendation from members of the Board: Tammany Hall, by M. R. Werner The critical history of a political but very human machine Present Day Russia, by Ivy Lee The ten-day impressions of a businesslike visitor Maker of Modern Arabia, by Ameen Rihani How a cultured Syrian made his way into the strongholds and secrets of the Arabian chiefs Stonewall Jackson, by Allen Tate The story of a soldier who was devout, brilliant, and beloved NATIONAL THE COMPAN LATIONAL CITY WAGED BUILDING NEW YORK Our current list presents a wide choice of investigated issues. It will be sent upon request. "No bond is good enough to forget" Even the best of bonds are sometimes weakened by unfavorable changes in economic conditions. Certain bonds may be less desirable for you today than they were when purchased, because of changes since in your own personal investment needs. These are reasons why you should check over your holdings occasionally with competent advisors. At National City offices in over fifty American cities you will find experienced bond men ready to advise you on new investments and on the suitability of your present holdings. They may be able to suggest revisions in your investment list which will improve your security or increase your income without sacrificing any investment quality you really need. The National City Company National City Bank Building, New York Offices or representatives in the principal cities of the United States, Canada, Europe, he had better adopt a budgeting plan immediately in addition to improving his investment practice. This may save serious trouble later on. A word of caution regarding safety is necessary. When Baldwin apples grade A sell for $5.00 a box, one can be fairly sure that $4.00 will not buy a box of grade A Baldwins. When grade A bonds sell on a 5 per cent basis, one can be fairly sure that bonds yielding 6 per cent are not grade A. Serious danger lies in the current temptation to barter safety for high yield. Remembering the yields of yesteryear, many are searching the byways and hedges for some attractive issue which others, the hope is, may have overlooked. Diligent arguments are adduced to justify departures from sound principle. But without expert advice the investor had better not own the poorer risks. Certainly there are attractive grade B bonds and stocks. Certainly some investors may safely and profitably own them. But the danger lies in owning them without a full appreciation of the risks involved, and without the knowledge or the power to minimize those risks. With regard to an improvement in investing tactics, two suggestions are offered. First, let the investor base his judgment on pertinent facts which exist to-day. Let him regard change, not permanence, as the normal condition. Sound securities to-day are just as plentiful as they were a few years ago more so. It is no more difficult to compare the merits of different securities to-day than a year ago to-day. The difficulty is inherent in the investor's unreadiness to recognize, appraise, and act upon changed conditions. He is still basing his judgment on prices that no longer exist, and price by itself is not a pertinent factor. An $8.00 stock selling at 200, other conditions being equal, is the exact equivalent of a $4.00 stock selling at 100. To-day's average market prices have recently touched their high for all time, but so have dividends and earnings. Yields, however, have not yet reached their lows for all time, nor for the present century. We are simply in an era of high prices, which of itself means nothing. It is yield, the relationship between price and return, which is significant. The second suggested improvement in tactics is that the investor prepare and follow a definite forward-looking plan. If the companies listed on the New York Stock Exchange were managed with the same looseness as the ordinary invested fund is, not one of them would be a sound investment risk. Money rates very likely will recede further. They may, however, rise during the next few years. Sound securities will yield less, or more. To offset receding rates, the investor should have an interest in that type of security which pays an extra dollar now and then. To offset the casualties that may occur when rates are advancing, he should own sound fixed-income-bearing securities. He should not follow the usual method of hand-to-mouth buying, with a fine disregard for the type of investment which suits his particular needs under current conditions. It is more important than ever that he adhere to a sound programme. As this is written, business is steady. Certain Federal Reserve banks have recently raised their rediscount rates, thus discouraging expansion of credit. Large amounts of gold are being sent abroad. In face of a declining gold supply, the Federal Reserve banks are still selling government securities. Regardless of the temporary effect of these factors in raising money rates, or at least holding them steady, the longterm trend may still be downward. A lull in the trend, resulting from these factors, should give the investor a comfortable opportunity to design and adopt a sound investment policy. Otherwise a revision of his budget may be enforced. By Sledge to the Middle Ages The Catholic Church and the Modern Mind I. An Ancient Priesthood in a New World I. The Tsarina and Rasputin A Reputation Ten Years After Canterbury Pilgrims, New Style. A Fortune in Oil-The Promoter Speaks Alan a Bhata. A Song . What It Costs the Doctor The Other Side of the Question THE NEW WORLD Alaska. Its Cost and Its Promise Atlantic Bookshelf: Woodrow Wilson: Life and Letters-Books and Bidders-Shelley: His |