"[3] In 1918, the journal was bought by the George H. Doran Company and then sold in April 1927 to Burton Rascoe and Seward B. Collins.

After Rascoe's departure in April 1928, Collins continued to edit and publish the magazine until it ceased publication in 1933.

Only under the brief editorship of Burton Rascoe from 1927 to 1928 did it abandon its conservative standards and political stance, publishing, for example, Upton Sinclair's novel Boston.

[7] Its last editor was Seward Collins, under whose editorship The Bookman carried articles conforming to his conservative views, influenced by Irving Babbitt, and promoted humanism and distributism.

[citation needed] When The Bookman ceased publication in 1933, Collins launched The American Review.