The first issue of The Harvard Fort-nightly, a conservative magazine, will be published on Commencement day and distributed free to alumni and students, Marc E. Leland '59, one of its founders, disclosed yesterday.

Led by students who have resigned on "ideological grounds" from the Times-Republican, the new publication, which has not yet been approved by Dean Watson, will "cater to a view not adequately presented at Harvard," Leland said. The periodical will have a free, university-wide circulation, and nationwide subscription in addition.

It will present editorials, book reviews, and at least one article by an outsider. The first issue will include a reprint of Ludwig von Mises' "On the Anti-Capitalist Intellectual." The main contribution of the magazine will be to "survey the Harvard scene: We hope the University will get some good advice from us," Leland said.