Johnny Come Lately (United Artists). When Actor James and Producer William Cagney quit Warner Bros., a year ago last March, and sank $750,000 in a new, independent production, plenty of Hollywood's bigwigs wished them all the bad luck in the world. In trade jargon, the Cagney brothers were dealing "a blow to the industry." If they succeeded, there were plenty of other stars, directors, writers and producers itching to try their own hands at independent production. And not even their worst wishers doubted that the Cagneys would succeed.
The Cagneys' first independent film suggests...
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