A Letter From The Publisher, Jun. 19, 1950

If you are a college graduate, have a son or daughter in (or headed for) college, or a special interest in higher education, I hope that you will read Crisis in the Colleges in this issue. This story calls attention to the severe monetary troubles that are threatening to change the nature of U.S. privately endowed colleges.

The subject of next week's cover story in TIME is Picasso and modern art. It is eleven years since Pablo Picasso has been on TIME'S cover, and he might well have reposed there 30 years before that,...

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