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 Cavin Jarvis, as they navigate a world of privilege defined by excessive drinking, casual sex, and general dissipation. These so-called "inheritors" are the well-groomed, educated, yet morally bankrupt, offspring of wealthy cattle and oil tycoons, educated in a system that prizes profit over responsibility. They express a profound disdain for the superficiality of their country club set, engaging in petty grifts and even arson out of sheer boredom and a lack of purpose.<

The book's realistic and unflattering depiction of the town's elite caused a local scandal; copies were reportedly bought up en masse by outraged society members (including potentially the author's own mother) and the book was banned from the public library shelves. This suppression effectively forced the novel into obscurity, lending it the status of a lost, underground cult classic for decades. Considered well ahead of its time and long a mainstay on literary critic A.C. Greene’s ‘Fifty Best Books About Texas’, The Inheritors is a powerful, brutal, and insightful exploration of inherited wealth and moral decay in early 20th-century America. It was later republished as a paperback under the title The Naked Year in 1954 and is seeing a modern resurgence in interest with an upcoming reprint from TCU Press.