tipping upon its hairs and so alone fitted for their adornment. 

 Wealth and discrimination everywhere have followed their de- 

 crees and because of the demand thus created there arose a new in- 

 dustry some twenty-five years ago, namely the raising of foxes for 

 the profits from their skins. The fact that millions of dollars are 

 at present represented by the development of this venture seems to 

 justify us in considering the black fox from a commercial point of 

 view. 



The important truth at the basis of the whole undertaking is 

 that the world's supply of furs from wild creatures in a natural 

 state must decrease. This needs no further argument than ref- 

 erences to the Russian sable, the Alaskan seal, the slaughter of 

 both of these being now curtailed by law, and the sea otter, which is 

 practically extinct. In our country a little more than the lifetime 

 of one generation has witnessed a noteworthy disappearance of many 

 of the smaller fur bearers, who were formerly not uncommon, and 



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