From a bare Manhattan loft last spring, a young magazine writer and his friends, working nights, sent out the first copies of a new religious magazine to 8,000 venturesome subscribers. Ambitiously, they billed it as "the first national picture magazine for a Catholic audience." This week Editor Edward Rice, 35, and a full-time staff, busy setting up copy for next month's issue, had reason to feel their optimism justified. With a press run of 38,000 and a steady stream of subscriptions, the magazine was on course. Its name: Jubilee, from the Latin of the Psalm, Jubilate Deo, omnis terra (Sing joyfully...
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