SPEARHEAD (604 pp.) Edited by James LaughlinNew Directions ($5).
For the past decade, James Laughlin IV, rebellious great-grandson of the co-founder of Jones & Laughlin Steel, has subsidized a publishing house (New Directions) that has scorned the usual commercial limitations of the U.S. book business. Ready to face financial losses, Laughlin has put out cheap reprints of modern classics (e.g., Alain-Fournier's The Wanderer), little-known but excellent European books and works by young American writers which no other publisher would take a chance on.
Now Publisher Laughlin has pieced and pasted together a decade's representative pieces from his experimenters. Among Spearhead's contributors: E....
