The Press: New Republic Windfall

Seldom in the 40 years of its history had the left-wing (but antiCommunist) New Republic (circ. 32,031) been in such parlous condition: its financial backing was gone (TIME, March 16) and it was running a deficit of $1,600 a week. Then the sun came out again. Last week Anne ("Nancy") Elaine Harrison, wife of the New Republic's publisher, fell heir to a third of the $35 million estate* left by her eccentric grandmother, Anita McCormick Elaine, International Harvester heiress, benefactress to the University of Chicago, Foundation for World Government and latter-day angel to...

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