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“There are only three things happening in England,” Aretha Franklin was quoted as saying in 1968. “The Rolling Stones, the Beatles, and Terry Reid.” Few have had careers as simultaneously high-flying and underappreciated as Reid’s. One of rock’s greatest vocalists, he began singing as a teen with R&B bands, including Peter Jay & the Jaywalkers, who supported the Stones in 1966, leading Graham Nash to score them a record deal with Columbia.…