Dear Bill:
The time has come for me to move on from the editorship of NATIONAL REVIEW. The magazine is in excellent shape. Its circulation has reached record levels under my editorship, and it now stands 50 per cent higher than when I arrived at the magazine. This increase has been achieved, moreover, against a greatly improved commercial background. I am proud that these successes should have occurred not only on my watch but also at a time of much sharper competition among journals of opinion on the Right.
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