Vol. I, No. 3 (June-July, 1934). Cover soiling, tears at top & base of spine. 
"A Bi-Monthly of Revolutionary Literature Published by the John Reed Club of New York." This issue contains "Problems and Perspectives in Revolutionary Literature" by Wallace Phelps & Philip Rahv, "Southern Highway 51" by John Wexley, "Ballad of Tampa" by Joseph Freeman, Boris Pilnyak & Leon Dennen on Max Eastman, material by Genevieve Taggard, Ben Field, Herman Spector, Edward Newhouse, et al & reviews.