Lovecraft's Legacy: 1940

The seller of this item says

From SCIENTI-SNAPS SCI-FI/ HORROR FANZINE VOL 3 NO. 1 DATED FEBRUARY 1940. FANZINE HAS AN ARTICLE BY AUGUST DERLETH ON HIS H P LOVECRAFT "THE LOVECRAFT MEMORIAL" HIS WORK TO PUBLISH THE GREAT WORKS OF THE MASTER HORROR WRITER INCLUDING HIS JUST PUBLISHED THE OUTSIDER AND OTHERS.

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This is some of the text Chrispy reproduced from the image {before misplacing it}.

Scienti-Snaps, The Lovecraft Memorial, A Note On Work In Process by August Derleth and Donald Wandrei.

This is an authentic and intimate discussion of the {...} project of one of fantasy's very greatest figures, read thoughtfully .......

The appearance this month of "The Outsider and Others" by Lovecraft, represents the first tangible evidence of {...} the proposed Memorial Collection of the works of {...} Master of the macabre/ The collection, designed for {..} is to be composed of the present grouping of {...} a long study of "Supernatural Horror in Literature", {...} of collected poems, remaining stories, some collaborative {work and selected} prose non-fiction; and a third and final volume of letters.

It goes almost without saying that assimilation of {...} entailed not only great patience and dilligence, but considerable monetary expense quite apart from the time {...} The initial work of preparing manuscripts for all {... expense} of publishing "The Outsider and Others" represents {a cost ?} of $2500.00. The problem involved in the prepared {...}