Last week the Cincinnati celebrated its 40th anniversary and its connection with Frederic Franklin with a program, mostly, of works which had been performed by the Ballet Russe. In addition, there was an exhibit of costume sketches at the Art Museum. (Owned originally by Julius Fleischman, of yeast fame, who was based in Cincinnati, and who supported the Ballet Russe for years.) The two novelties, and the reason why there were so many critics and former dancers there, were reconstructions of