For a few years the managers of the stock-company houses made a valiant fight; but in the end they had to retire from the field, defeated. It had been a severe blow to them, when they were deprived of the potent attraction of the stars. Without these stars, and in fact in opposition to them, the performances given by the stock-companies were found to be inferior. The local scenery, the local costumes and the local properties were discovered to be mere make-shifts, unworthy at their best, and often worse than unworthy, especially when they were compared with the stricter propriety of the scenic equipment provided for the elaborate productions sent out from New York. The local offerings appeared to be provincial, whereas those which were brought from afar had on them the stamp of metropolitan approval. So it was that sooner or later the managers of stock-companies had to withdraw from a lost battle. Some of them kept their theaters and sank to the humble position of janitors. Some moved to New York and became producers on their own account and managers of travelling companies. Some retired to obscurity; and some died in time to escape bankruptcy. Whether the vanquishing of the local stock-companies by the travelling companies was advantageous or not, it was inevitable since it was the result of inexorable economic conditions, in conjunction with equally inexorable geographic conditions. It was a swift and startling change in the methods of conducting the business of the theater, a change brought about by forces wholly beyond the control of those engaged in that business. Before the end of the nineteenth century the organization of the theater in the United States became what it is now. In New York, in all the larger cities and in most of the smaller, the playhouses are controlled by one or the other of the two rival syndicates. The resident managers of these playhouses are scarcely more than caretakers, since they can exercise little or no choice as to the attractions which play engagements in their theaters. The producing managers choose plays, engage actors and are responsible for all the accessories. Most of these producing managers are in partnership with one or the other of the syndicates, because these syndicates control all the important theaters in all the important towns. Thus it is that the artistic guidance of the drama is in the hands of the producing managers, and the financial government is in the hands of the syndicates.