Vol. IV, No. 1 (January 6, 1936). Staples rusty; else very good. Scarce. 
Leftist weekly magazine edited for a time in Carmel, California by Lincoln Steffens. Sara Bard Field was one of the associate editors & Ella Winter was the literary editor. This issue contains "Times Change: Continuing the Study of Marx" by Harold M. King, "Reply to Upton Sinclair" by King, etc.