Hollywood is morbidly jealous of TV, and TV broods itself into ulcers over the high costs of productionbut Film Distributor Nat Sanders feels fine. Last year Sanders waded through a list of titles in the U.S. Office of Alien Property, found two old German pictures that many a moviegoer still remembers fondly: The Last Laugh (1924), with Emil Jannings, and The Cabinet of Dr. Caligari (1920). Sanders made a percentage deal with the Government, added a sound track with music and background noises, and opened his double bill last week in a small Manhattan "art" theater.
Without benefit of reviews from the...