Business & Finance: Beaten

"It takes guts and it takes loyalty to build a cooperative organization." Thus spake Aaron Sapiro, last week, to Star Reporter Peter Vischer of Exhibitors Herald & Moving Picture World. Father of many a cooperative, bitter enemy of Henry Ford, Mr. Sapiro's latest venture has been the Independent Motion Pictures Exhibitors Association, of which the purpose is to permit the owners of small cinemansions to wield a more potent influence upon the large and exclusive companies which make cinemas.

Mr. Sapiro's function was somewhat difficult to define. Most of the owners of small cinemansions are Jews and they supposed that, if...

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