A prospective magazine with 212 bosses (and more on the way) was settling down in its new quarters. In an antiquated building on Manhattan's West 45th Street which used to house a speakeasy, Jerome Ellison, 38, onetime managing editor of Collier's and Liberty, last week was dummying one of the most talked-about publishing ventures of the year. Its name: Associated Magazine Contributors, Inc. Its aim: to publish a pocket-sized, "liberal," adless, 25ยข monthly, owned and operated by headliners of U.S. arts & letters.
Pearl Buck, Marquis Childs, Roger Butterfield, Raymond Swing and many others had forwarded autographed pictures for the walls; Author...