Last week a U. S. magazine of ripe years and rich reputation came to an end in all but name when Life was purchased by TIME Inc. With its November issue now on the presses, that civilized funsheet will, after 53 years, cease to function as the good-humored critic, the caustic commentator on the U. S. scene, will pass into the realm of great things gone forever.
From its journalistic grave TIME is saving only Life's worthy name, to be conferred as a birthday present upon TIME'S forth coming newspicture magazine. First issue...
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