With the September 1, 1932 issue the once-mighty Adventure shrunk to half its former size, from 192 to 96 pages, while cutting its issue price by more than half, from a quarter to a dime. Considering that Argosy gave you 144 pages every single week for the same price, you wonder whether Adventure readers felt they were getting their money's worth. A casual reader probably was most disappointed, since in this particular issue, nearly a third of the content, 29 pages, went to serials. Gone was the traditional lead novel that in Adventure's golden age might have run for 60 or 70 pages. The longest standalone story in this issue is Robert Simpson's "The Crown on Crocodile Island," a mere 15 pages in length. This African story develops an interesting situation and is actually informative about the labor obligations imposed on tribal chiefs and the efforts made to evade them, but the climax is perfunctory and underwhelming, leaving you feeling there should have been more to it.
Along with the serials by W. C. Tuttle and William McLeod Raine, there's T. R. Ellis's "Fences," about a rodeo rider turned auto racer, and two non-fiction pieces, including a good one from Carl Elmo Freeman that's part of a series on firearms history. The Camp-Fire letters column is a mere four pages, though that's still more than you'd see anywhere but in a science-fiction mag. Overall, Adventure in this period can't help looking and reading like a shadow of its former self. It'd put some more meat on its bones in 1933, going up to 128 pages, but it sacrificed frequency to do it, going from semi-monthly to monthly. The page count would fluctuate thereafter from a World War II peak of 160 pages a month to 112 pages every two months toward the end of its life as a pulp magazine. In short, better days were still to come for what had arguably been the greatest of pulps.