Fern reads McClure’s Magazine, 1914

The young woman wearing spectacles in this "real photo" postcard is identified in pencil as “Fern"—a name which peaked in popularity "at the dawn of the 20th century" (according to this site). Apparently, the name is "surfacing again," since it is a "perfect combination of vintage and earthy-boho." M'ok.

Anyway, Fern is sitting on a swing, with a magazine in hand, while a book in a dustwrapper is sitting on the cushions beside her.

Fortunately, enough of the magazine cover is visible in the photography to identify both the magazine and—after a bit of hunting around—the issue, providing a date for the photograph.

As you can see by comparing above and below, Fern is browsing, or pretending to browse, McClure’s Magazine, vol. 43, no. 5 (September 1914).

Perhaps she is reading "A Sea of Troubles" by P. G. Wodehouse? If you want to see what she is looking at, you will find the full issue online here.