Discusses the need for conservation in the United States, the water cycle, erosion of soil and ways to stop it, slowing down running water, dams, transportation of water to cities and farms, and the need for planning to assure an adequate water supply.

Details the financial-oriented adventures of Robert P. Smith, who has made and lost millions by making risky investments in troubled economies around the world, and describes his trips to Baghdad, Vietnam, Guatemala, and other places.

Includes Part 1, Number 1: Books and Pamphlets, Including Serials and Contributions to Periodicals (January - June)