Rollin A. Riggs for The New York Times MULTISIDED Oxford, home of Ole Miss, knows both the shotgun formation and stream of consciousness. By STEVE BAILEY IT has been nearly 50 years since William Faulkner walked the streets of Oxford, Miss., a gentrified college town that he would hardly recognize today. But he remains so strong a presence that his weighty prose still informs daily life. The slamming of screen doors in summer, the crowd around a traffic accident in Courthouse Square and the

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