Broadway: The Experts' Choice

If anyone is expert about the stage, it ought to be the American National Theatre and Academy, chartered by Congress in 1935 to "extend the living Theatre beyond its present limits." Tax-exempt and supported by culture-loving subscribers, ANTA produced many worthy revivals and experimental shows, and even an original hit, Mrs. McThing, but found itself continually broke. Last fall ANTA decided to make some money by investing not in Wall Street, the race track or a brewery, but in the riskiest business of all—Broadway. The results were disastrous.

ANTA's board, which includes...

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