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Philip Atlee's debut novel, The Inheritors, is a scathing social critique and forgotten American classic that achieved a "lost book" status due to intense local controversy. Published in 1940, the novel provides an unflinching, thinly-veiled portrayal of the hedonistic lives of the "dollar aristocracy" in Fort Worth, Texas, the author's own social circle.

The story, written with a style drawing comparisons to Hemingway, Fitzgerald, or O'Hara, follows two aimless young men, George Jimble and...