37 when the two principals, Trem Carr and W. Ray Johnston  joined with Mascot Pictures Nate Levine to form Republic Pictures  with Consolidated Film Labratories wealthy owner, Herbert J. Yates,  along with a smaller poverty row outfit, Liberty, on the old Mack  Sennett property. Carr and Johnston were extremely unhappy at  Republic working as unequal partners with the autocratic Yates and  departed in 1937. This is the first of a remarkable 20 features they  would release that year. Monogram would always remain a low budget  outfit, its product geared for rural audiences and second