A FOOLISH BOY It was the youthful Sangoan who first broke the silence.

Glancing at the figures he had made he said: "It is estimated that if twenty picture theatres use any one film--copies of it, of course--that film will pay for its cost of making.

Therefore, if you build twenty children's theatres, instead of the one or two you originally proposed, you would be able to manufacture your own films and they would be no expense to you." They gazed at him in bewilderment.
"That is all simple enough!" laughed Arthur.

"Twenty picture theatres at twenty thousand dollars each--a low estimate, my dears, for such as you require--would mean an investment of four hundred thousand dollars.

A film factory, with several producing companies to keep it busy, and all the necessary paraphernalia of costumes and properties, would mean a million or so more.