Former Virginia Gov. James S. Gilmore III is dropping his underdog bid for the Republican presidential nomination today, his top strategist, Dick Leggitt, told Politico. Gilmore had offered himself as "the Reagan conservative" in a field that has left many Republican activists dissatisfied. He is the first GOP candidate to leave the race. Other candidates commanded much more cash and attention, keeping Gilmore a distant also-ran. Financial reports due tomorrow showed he had little hope of cracking the top tier. In his successful race for a four-year term for Virginia governor in 1997, he showed the popular appeal of fiscal...