As he lay hospitalized behind the lines after the Argonne offensive with a hole in his neck and a piece of shrapnel in his lung, Sergeant DeWitt Wallace of the 35th U. S.. Infantry perfected his plans for a magazine of condensed reprints culled from all the publications on the market. The tremendous success of this notion of a wounded soldier in 1918 was made manifest this week by a unique and thoroughgoing account of Reader's Digest published in FORTUNE.
Not until 1921, when Westinghouse let onetime Sergeant Wallace out of a...
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