There were so many different versions released that I've lost track of what came when. But Cohn was involved with multiple rounds of cuts, some of which included Frank Capra's involvement (mostly everything changed between the November, 1936 Santa Barbara testing and the March, 1937 general-audience release), most of which didn't (everything afterwards) - and it was the latter that was naturally the source of consternation between the two parties. As far as I'm aware, it was between the limited release in March, 1937 and the wider release in September, 1937 that the lost footage you see now as stills was removed. There were different versions playing at different theaters in between those months because, in addition to the ending quickly reverting to Capra's preferred vision and not the studio-imposed ending, Cohn had told the griping theaters to edit their prints themselves. And then of course came the butchered post-WWII reissues, retitled, further cut down, partially reshot, and totally disowned by Capra.
All the studios were pretty bad about preservation in the 1930s. Gitt said when he started his restoration efforts on this in the '70s, the only thing Columbia had in their vault was a 35mm positive print of the 117 minute cut - and even that was short of a few seconds due to splices. He truly performed miracles getting as much footage back in as he did. Columbia just didn't care. Of course, Gitt also said he didn't even like the 132 minute cut and he wished it were shorter, but it wasn't up to him to make those decisions.
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