‘The Indian Libertarian’ was a fortnightly journal, founded in 1954 by Indian liberal, Ranchhoddas Bhuvan Lotwala, and edited by his daughter Kusum R Lotwala. This edition (Vol. 9, No. 1) of this journal was published on April 1, 1961. The editorial covers the loss of stature resulting from the removal of G.B. Pant, the inauguration of Nagaland, and the Muslim problem- President’s commission. The journal contains several articles and the very first article titled “Freedom Docs Pay” by William Henry Chamberlin discusses the nineteenth century liberalism, freedom of the individual to regard what he earned as his own, freedom of movement, freedom of trade, and freedom of investment with examples. “Who is Our Enemy No. 1 ?” by M.N. Tholal talks about the Congress Party and its alliance with the Muslim league in Kerala and Orissa, aggression vs. plebiscite and some thoughts on liberty. “Our National HeadQuarters” by S. Ramanathan discusses the Information Bulletin issued by the International Humanist and Ethical Union. An article by Dr. J. V. Duhig shares his views on communism and catholicism. “Russia Backs Up China” explains recent Army promotions at top level, and suggests that The King of Nepal apparently means business. The journal ends with several book reviews and News & Views.