Sphagnum may have a number of different "Sphagnum" species. Individual peat moss plants consist of a main stem, with tightly arranged clusters of branch fascicles usually consisting of two or three spreading branches and two to four hanging branches. The top of the plant, or capitulum, has compact clusters of young branches. Along the stem are scattered leaves of various shapes, named stem leaves; the shape varies according to species. The leaves consist of two kinds of cells; small, green, living cells (chlorophyllose cells), and large, clear, structural, dead cells (hyaline cells). The latter have the large water-holding capacity. "Sphagnum", like
American Type Founders that company to be even less profitable than was thought, Gillick was forced to resign. Thomas Roy Jones, a businessman with no experience in type founding, replaced Gillick. By 1933 the situation was desperate. Sales of type were less than 30% of 1926 levels while purchases of Kelly presses had plummeted to a mere 6.8% of what they had been. In October 1933 Jones filed a voluntary petition for bankruptcy. ATF was placed under the control of its creditors (chiefly consisting of several banks) and drastic measures were taken. Operations were consolidated, the Jersey City plant was closed and the