Because of the failure of H. Starr Caldwell '37 to carry out his contract with undergraduates for the sale of their second-hand books, Alexander K. Livingston '37, manager of the Student Enterprise with which Caldwell claimed association, has taken over the task of settling his accounts, it was learned last night.

Caldwell, after withdrawing from College at mid-years last year, collected books from the students during the spring with the understanding that he would return to them 40 per cent of the list price when the books were sold this fall. A number of reverses during the summer prevented him from returning as he had planned, and he wrote Livingston, requesting him to sell the books for what he could get. Since the books project was launched under the Enterprise name, though illegally, Livingston has undertaken to sell as many books as possible at a decent price and return the owners the rest.