A Letter From The Publisher, Mar. 12, 1973

IT was March 1923 — exactly 50 years ago. Boxer Gene Tunney had just won the light-heavyweight title at Madison Square Garden, while in California, Prohibitionists were battling to close the Mexican border to thirsty tourists. In Europe preparations were under way for Italy's first skyscraper. It was with these and other stories that TIME The Weekly Newsmagazine first appeared.

Now, a half century later, Tunney would scarcely recognize the world around him. Keeping people informed today, of course, requires vastly more resources, manpower and expertise. We like to think that we have kept pace with the history we reported, and that...

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