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In The American Mercury, December 1933, pp. 385-387 - Previous Article / Next Article

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The American
MERCURY
VOLUME XXX NUMBER n o
DECEMBER
TEN YEARS
My RETIREMENT from the editorship
of THE AMERICAN MERCURY, to
take effect at the end of the present
year, was announced on October 6,
and is thus stale ne\ s to the readers of
these pages. A good many of them, in
fact, have long since sent me pleasant
words of farewell, and from several I have
received more material certificates of goodwill,
including two cases of beer. My
thankfulness to all of them needs no saying,
nor my natural regret on severing so
charming and stimulating a relationship.
But I am firmly convinced that magazines,
like governments, are benefited by rotation
in office, and I am carrying out that
principle by yielding to Mr. Henry Hazlitt.
Of his qualifications for the post there
will be plenty of evidence immediately.
He is fourteen years younger than I am,
but he has behind him a varied and rich
experience in the editorial chair, and that
experience fits him peculiarly for the work
ahead of him. He is the only competent
critic of the arts that I have ever heard
of who was at the same time a competent
economist, of practical as well as theoretical
training, and he is one of the few
economists in human history who could
really write. Thus he is extraordinarily
well equipped for the business which faces
him, for the big show in America, during
the next few years, will be carried on
mainly in the economic ring, and if it is
to be dealt with according to the taste of
the readers of THE AMERICAN MERCURY it
must be dealt with boldly, gracefully and
with not too much solemnity.
In case there be any among those readers
who fear that the change of editorial administration
will convert the magazine
into something that it is not they may
put their minds at ease. In its basic aims
and principles there will be little change.
Hereafter, as in the past, it will try to play
385


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