When William Bradford Huie took over the American Mercury two years ago, he promised to "recreate" the magazine in the great tradition of its first editor, Henry L. Mencken. But Bill Huie, who has been in hot water before with his books and articles (TIME, May 30, 1949 et seq.), found himself in trouble again. Almost at the start, he fell out with his backer, Manhattan Millionaire Clendenin Ryan. Five months ago the Mercury owed so much money that Huie was ready to close down. In time's nick, Huie found an angel: J. (for...
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