In challenging existing political magazines, a newcomer has about as much chance of success as a New Leftist taking over National Review. The odds against survival are so great that only an editor with a strong, fixed idea, uninhibited by the conventional wisdom of his field, would test them. In little more than two years, the Washington Monthly, which offers a unique, pianissimo brand of muckraking, has beaten the odds: it is attracting readers who count in the capital and the advertisers who may soon make it a profitable labor of conviction.
This week the Monthly and Fledgling Editor Charles Peters will...