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The article thoroughly examines one of the most significant and also the least studied literary circles in Bulgarian literature - Archer Literary Circle, which is regarded by a number of literary scholars as the end of Bulgarian modernism. The focus is on the problem of literary heritage.The most distinct gestures of literary heritage by the "archers" are listed consecutively ,namely: 1.Mythology and folklore as thresholds to Bulgarian culture. 2. Archer Literary Circle and Hristo Botev. 3. Archer Literary Circle and the Bulgarian Revival.4. Archer Literary Circle and Pencho Slaveikov. The problem of acquiring and thinking over the tradition is not studied in itself only, but also in the context of the active search and the attempts to construct a new identity in the Bulgarian culture of the 1920s.