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Coverdale is writing about these events years after they happen, so he frequently comments on how his perceptions have changed between the events of the story and the current day, or how he only learned the truth of something later on. Here Coverdale also hints that the Blithedale project is ultimately unsuccessful (calling it the “Blithedale affair” implies that it did not last long and was just one episode in his life), which also means that the project itself is not the primary subject of his narrative.