Munsey's Magazine, March 1903

Munsey's Magazine ran articles on contemporary business and politics alongside adventure fiction. This issue features "The Fight for Atlantic Commerce" by Winthrop L. Marvin, examining the newly formed Morgan Combine—a shipping trust uniting British, Belgian, and American steamship lines into a half-million-ton fleet. The accompanying photograph shows La Touraine, a 9,500-ton French liner, representing the industrial scale of transatlantic shipping competition. Munsey's blended reportage with narrative, offering middle-class readers both factual accounts of American commercial expansion and the serialized stories that would establish pulp magazine genres.