In the towns which are still smaller, the drama is to be seen only sporadically, intermittently, casually; and there are college communities with a thousand students or more who do not have the privilege of seeing a play of Shakspere’s properly acted and adequately produced from one year’s end to another. The only reliance of these communities is on the happy accident of a travelling company filling out a week with one-night stands or the establishment by themselves of a Little Theatre supported by local talent. These Little Theaters are helpful in keeping alive an understanding of the drama; but their scope is strictly limited and their continued existence depends upon the fortunate accident of their control by some one who has a native gift for management and for stage-management. The existing organization is not unsatisfactory as far as New York is concerned. It is less satisfactory even in the largest of the other cities. It is entirely unsatisfactory in the smaller cities and the larger towns. How then shall this unfortunate condition be remedied? Professor W. L. Phelps has no doubt that he has discovered the cure; and he tells us with all the emphasis of italics that “there must be a stock-company in every city.” He explains that by this he does not mean the kind of stock-company which exists to-day but the older type of stock-company such as existed forty years ago in New York at Wallack’s and Daly’s and in Boston at the Museum. What Professor Phelps is proposing is a return to the system which flourished a century ago, and two centuries ago, and which is entirely unfamiliar to the present. As it happens I am old enough to be able to supplement with my own recollection the ample information easily accessible in actors’ autobiographies and in stage histories. Memory is treacherous, so I cannot be certain, but I believe that I was present in 1869 at the opening of the Fifth Avenue Theater by Augustin Daly and in 1872 at the opening of the Union Square Theater by A. M. Palmer. I know that I was able to follow the shorter careers of the companies at the Madison Square directed by Steele Mackaye and the Mallorys, at the Park Theater by Abbey, at the Empire by Charles Frohman and at the Lyceum by Daniel Frohman.