With this issue CHRISTIANITY TODAY begins its fifteenth year of publication. Our readers should note the restatement of our purposes in the editorial pages. We are grateful to God for his mercies and for his continuing provision for our financial needs. Religious magazines generally do not pay their own way by subscription and advertising income, and subsidies must make up the difference. We depend on the gifts of God’s people to balance our budget. We ask our friends to read the explanation on page 49 of deferred giving as a means of forwarding our work.

The essay on COCU is the first of two in which we examine the basic issues in this projected merger of key denominations. In the second part, which will appear next issue, we will explore the parish plan and the question of the historic episcopate. Two essays in this issue deal with racism, a problem that has wracked churches as well as governments and nations. Dr. Daniels, a black psychiatrist, speaks compellingly about the psychodynamics of racism, while Dr. Hodges explores the biblical principles that relate to racism and their application to current situations.

Donald Tinder, a Yale Ph.D. who joined us as assistant editor fifteen months ago, is now our book editor. All communications regarding books should be addressed to him.

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