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This paper discusses the design and characteristics of ruby traveling-wave masers operating at 4 gc. These masers, characterized by an average gain of ≈35 db over a bandwidth of 25 mc, are equipped with waveguide input transmission lines, rather than the previously employed coaxial cables. This change results in an over-all noise temperature of 3.5°K for these devices, rather than the 10°K exhibited by earlier masers. The maser noise temperature now closely approximates sky temperatures, which set the ultimate limit on earthbound receiver sensitivity. The improvements to be had by further reduction in amplifier noise are therefore almost negligible. A less well known maser property, i.e., its freedom from distortion, even when driven well into gain saturation, is discussed.