"Dear Owens:- My best thanks for the handsome notice of the American Mercury. God, it appears, was with us, despite the absence of the usual signs and portents. The magazine went out of print two days after publication and we are now on the press with a second edition. Knopf has bought five new yellow neckties. The second number, now made up, shows a few holes in the falseface. By no. 6 we should be in the hands of the Department of Justice. I enclose a copy of William Feather's Magazine, just in. A good specimen of his stuff starts on page 7. If the thing interests you, ask him for it, and he will be tickled to death. I'll see you in a day or two." The first issue of the American Mercury was published in January of 1924.