In 1929, I bought out Dorgan’s stock and became the sole owner. I had constant faith in the magazine and despite the depression, I decided to take over the ownership and put everything I had into it. However, trouble came when I lost my bankroll in the financial crash, and for two years I accepted Bernarr MacFadden as my partner. In 1931 that arrangement was abandoned, and since then I have carried on as publisher and editor. With the help of an excellent staff, I have built the publication to its present circulation of over 200,000 in the U.S. and in England and aided by the good management of Nathaniel R. Loubet, my son-in-law, we have modernized the format to meet current needs. Rivals have come and rivals have gone, but _The Ring_ continues, steadily improving, with a record of never having missed an issue since its inception. We suffered losses during the war years, but never faltered. The friends we made by shipping _The Ring_ gratis to all areas where our men were fighting, more than offset those losses, for we gained good will we couldn’t have purchased with money. While many magazines were forced to discontinue during World War II, _The Ring_ continued to serve its readers, those in hospitals and in training camps, a service unequalled in the history of American publications. Lectures with motion pictures of famous fights were given through _The Ring_ in camps and hospitals, and no expense was spared to see that the men received what they cherished most in reading matter—boxing news. In addition, we organized _The Ring’s_ Servicemen’s Athletic Fund, which purchased athletic paraphernalia for camps in all parts of the world. One of the greatest achievements of _The Ring_ is the publication of its annual record book (an international guide to boxing), and its annual rating of boxers, a listing that is used by promoters and commissions in pairing fighters. Many years ago the late Walter Camp initiated the custom of designating the outstanding football players of the year as the All-American or best-players of the season. A flood of imitators adopted this idea and today All-American football team selections are almost as numerous as the players. When Camp died, I thought of having some sort of honor roll of boxing similar to his gridiron ratings. Looking around for a boxing figure of equal prominence to make the selections, I chose Tex Rickard. The fabulous Tex was in his heyday then, and following the announcement that he was to make a selection of the world’s ranking boxers, his ratings were awaited with tremendous interest. The forerunner of the detailed and highly classified _Ring_ rankings of today appeared in the February 1925 issue for the first time and caused world-wide comment. Such ring immortals as Jack Dempsey, Benny Leonard, Mickey Walker, Harry Greb, Gene Tunney and Pancho Villa were in action at the time, and, of course, their names led all the rest in their respective divisions.