Milestones: 74 Years Ago In TIME

Displaying her bejeweled tiara and regal bearing, QUEEN ELIZABETH II greeted George W. Bush at a formal state dinner last week, noting, "I have welcomed no fewer than seven of your predecessors." Her reign began in 1952, 23 years after the first of her six TIME cover appearances.

Last week, romping in a yellow frock, the Princess Elizabeth passed her third birthday. She does not know that she is but three removes from the Throne; in fact, she has only very recently discovered that she is a "P'incess." It is barely a fortnight ago that she knocked with chubby fist upon...

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