At the present time, for instance, the dramatic art in America is suffering from a very unusual economic condition, which is unsound from the business standpoint, and which is likely, in the long run, to weary and to alienate the more thoughtful class of theatre-goers. This condition may be indicated by the one word,--_over-production_. Some years ago, when the theatre trust was organised, its leaders perceived that the surest way to win a monopoly of the theatre business was to get control of the leading theatre-buildings throughout the country and then refuse to house in them the productions of any independent manager who opposed them. By this procedure on the part of the theatre trust, the few managers who maintained their independence were forced to build theatres in those cities where they wished their attractions to appear. When, a few years later, the organised opposition to the original theatre trust grew to such dimensions as to become in fact a second trust, it could carry on its campaign only by building a new chain of theatres to house its productions in those cities whose already existing theatres were in the hands of the original syndicate. As a result of this warfare between the two trusts, nearly all the chief cities of the country are now saddled with more theatre-buildings than they can naturally and easily support. Two theatres stand side by side in a town whose theatre-going population warrants only one; and there are three theatres in a city whose inhabitants desire only two. In New York itself this condition is even more exaggerated. Nearly every season some of the minor producing managers shift their allegiance from one trust to the other; and since they seldom seem to know very far in advance just where they will stand when they may wish to make their next production in New York, the only way in which they can assure themselves of a Broadway booking is to build and hold a theatre of their own. Hence, in the last few years, there has been an epidemic of theatre building in New York. And this, it should be carefully observed, has resulted from a false economic condition; for new theatres have been built, not in order to supply a natural demand from the theatre-going population, but in defiance of the limits imposed by that demand.