A Letter From The Publisher, Apr. 22, 1974

The Cover: Illustration by Bob Peak.

TIME is published weekly, $14.00 per year, by Time Inc., 541 N. Fairbanks Court, Chicago, III. 60611. Principal office: Rockefeller Center, New York, N.Y. 10020. James R. Shepley, President; Clifford J. Grum, Treasurer; Charles B. Bear, Secretary. Second class postage paid at Chicago, III., and at additional mailing offices. Vol. 103 No. 16 © 1974 Time Inc. All rights reserved. Reproduction in whole or in part without written permission is prohibited.

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