So far we had gone in the creation of a huge international organ of information, and of a kind of gigantic modern Bible of world literature, and in the process of its distribution we were rapidly acquiring an immense detailed knowledge of the book and publishing trade, finding congestions here, neglected opportunities there, and devising and drawing up a hundred schemes for relief, assistance, amalgamation and rearrangement. We had branches in China, Japan, Peru, Iceland and a thousand remote places that would have sounded as far off as the moon to an English or American bookseller in the seventies. China in particular was a growing market. We had a subsidiary company running a flourishing line of book shops in the east-end of London, and others in New Jersey, Chicago, Buenos Ayres, the South of France, and Ireland. Incidentally we had bought up some thousands of miles of Labrador forest to ensure our paper supply, and we could believe that before we died there would not be a corner of the world in which any book of interest or value whatever would not be easily attainable by any intelligent person who wanted to read it. And already we were taking up the more difficult and ambitious phase of our self-appointed task, and considering the problem of using these channels we were mastering and deepening and supplementing for the stimulation and wide diffusion of contemporary thought. There we went outside the province of Alphabet and Mollentrave and into an infinitely subtler system of interests. We wanted to give sincere and clear-thinking writers encouragement and opportunity, to improve the critical tribunal and make it independent of advertising interests, so that there would be a readier welcome for luminous thinking and writing and a quicker explosion of intellectual imposture. We sought to provide guides and intelligencers to contemporary thought. We had already set up or subsidized or otherwise aided a certain number of magazines and periodicals that seemed to us independent-spirited, out-spoken and well handled, but we had still to devise our present scheme of financing groups of men to create magazines and newspapers, which became their own separate but inalienable property after so many years of success.