The hemotoxin of streptococcus is a labile substance affected by centrifugation or shaking. It is adsorbed by various organic and inorganic substances. Hemotoxin is produced within a wide range of hydrogen ion concentrations. It is neither in nor on the bacterial cell but is free in the culture medium. It is probably not an enzyme. There are at least two substances which are essential to the medium for the elaboration of hemotoxin, one of which is phosphorus; the other is a substance of unknown composition. The unknown component is present in small quantities in unfiltered muscle infusion, but is more abundantly supplied by blood serum and kidney infusion. This substance is not an albumin, globulin, primary or secondary proteose, metaprotein, or peptone of the medium or enriching fluid. It is water-soluble, is destroyed by boiling in alkaline solution and by prolonged heating, and is removed to a considerable extent by passage through a diatomaceous filter.

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