The Press: Post Haste

Bankrupt?

The world seems to be harsh in its treatment of magazines. A fortnight ago (TIME, Feb. 4) The Freeman, radical weekly, announced that it would cease publication on March 5. Last week an involuntary petition in bankruptcy was filed against the National Weekly Corporation, publishers of The Independent and The Independent Inter-Weekly for Schools, two bi-weeklies which publish articles about current events. The petition estimated that liabilities of the Corporation were $230,000, assets $58,000. The petitioners who instituted the proceedings were not avaricious creditors whose sole greed is for money— they were Harold...

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