When the upstart All-America Football Conference was in kneepants, Elmer Layden, then commissioner of the rival pro National Football League, was asked whether his well-heeled, well-established league would recognize it. Layden scornfully replied: "Let them get a football." By last week, three years later, the junior circuit had succeeded so well that both leagues were practically broke.*
Only two National League teams (the Chicago Bears and the Washington Redskins) and one All-America club (the San Francisco 49ers) seemed likely to show a profit. The Chicago Rockets of the All-America Conference would lose more...
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