December, January, February, March. A thousand golf courses lie in expensive desuetude. Eighteen thousand fairways, as many close-clipped greens, countless traps and bunkers are sheathed with ice and snow. Investments totaling $180,000,000 (interest at 6%, 120 days, $3,600,000) yield no return save wistful hopes for an early spring. Two hundred thousand livers, in torsos bound to northern swivel chairs, become torpid, cause unfortunate changes in blood. Club dues continue. Last week four men set out over the difficult Mayfield course, scene of many championships, near...

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