fortune, had ample money to buy the magazine with Thayer. Modernist literary magazine In 1920, Scofield Thayer and Dr. James Sibley Watson. Jr. re-established The Dial as a literary magazine, the form for which it was most successful and best known. Under Watson's and Thayer's sway The Dial published remarkably influential artwork, poetry and fiction, including William Butler Yeats' "The Second Coming" and the first United States publication of T. S. Eliot's The Waste Land. The Waste Land, however, barely made it to the pages of The Dial. Ezra Pound, the magazine's foreign advisor/editor (1920–1923), suggested the poem for publication. Thayer, having never seen the work, approved it for the magazine based on this suggestion and because Eliot had been Thayer's classmate at Oxford. Eliot became frustrated, however, at the small amount The Dial intended to pay for the poem. Thayer was relieved that Eliot was about to pull the deal off the table because he was weary of Eliot's style. Negotiations continued, however, until The Dial paid Eliot $2130 for the poem, by also awarding the magazine's second annual prize, which carried an award of $2,000 (£450). This was a substantial amount, approximately equal to Eliot's 1922 salary at Lloyds Bank (£500, $2,215), and worth about $90,000 in 2006 dollars. The first year of the Watson/Thayer Dial alone saw the appearance of Sherwood Anderson, Djuna Barnes, Kenneth Burke, William Carlos Williams, Hart Crane, E. E. Cummings, Charles Demuth, Kahlil Gibran, Gaston Lachaise, Amy Lowell, Marianne Moore, Ezra Pound, Arthur Wilson later known as Winslow Wilson, Odilon Redon, Bertrand Russell, Carl Sandburg, Van Wyck Brooks, and W. B. Yeats. The Dial published art as well as poetry and essays, with artists ranging from Vincent van Gogh, Renoir, Henri Matisse, and Odilon Redon, through Oskar Kokoschka, Constantin Brâncuși, and Edvard Munch, and Georgia O'Keeffe and Joseph Stella. The magazine also reported on the cultural life of European capitals, writers included T. S. Eliot from London, John Eglinton initially from Dublin, but after 1922 reporting on Dublin from a self-imposed exile in England, Ezra Pound from Paris, Thomas Mann from Germany, and Hugo von Hofmannsthal from Vienna. Scofield Thayer was the magazine's editor-in-chief from 1920 to 1926, and Watson was publisher and president from 1920 until its end in 1929. Several managing editors worked for The Dial during the twenties: Gilbert Seldes (1922–23), Kenneth Burke (1923), Alyse Gregory (1923–25). Due to Thayer's