All Joseph A. Maloney wanted when he retired at 52 to Apalachicola, Fla., was a little fishing and the easy life. That was understandable. He had led anything but a peaceful existence as a crusading Indiana newspaper reporter and publisher, a U.S. intelligence agent just after World War II, and as a correspondent for the New York Daily News. Yet, when he tried to settle down to the relaxed life of a pensioner, the drab, rundown condition of Apalachicola set his hackles rising. The little Gulf town "was so depressed," he recalls, "that the only way it could go was...
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