This is a collectible January-March 1933 issue of Hound & Horn, an influential literary magazine that played a key role in early 20th-century intellectual circles. This particular issue includes essays and reviews from noted authors and critics of the era, covering topics such as art, film, literature, and philosophy. Contributors include figures like R.P. Blackmur and essays on works by authors such as D.H. Lawrence. Hound & Horn was recognized for its avant-garde content and intellectual influence, making this a valuable piece for collectors interested in literary history.