...based on a short story by Truman Capote, and is mainly set in 1940. The film meanders at times, and the sad ending (right from the story, probably) is a bit of a letdown, but its still worth seeing for an excellent cast and graceful staging.
As the story begins in a prologue set in 1935, a young boy (Edward Furlong) is sent to live with his two spinster aunts following the death of his parents. These aunts might be sisters, but they are decidedly different; one is a hard-nosed businesswoman who owns many of the shops in town (Sissy Spacek), the other (Piper Laurie) is gentle and childlike, keeps house, and makes a homeopathic dropsy cure. After a few years pass, the two sisters have a falling out over taking the homeopathic cure into a factory setting, Laurie, Furlong, and maid Nell Carter decamp to the woods while waiting for Spacek to change her mind.
That is the main thrust of the plot, but there are all sorts of familiar faces in here as well: Walter Matthau as a retired judge and suitor for Laurie, Mary Steenburgen as a tent revivalist with 15 children, and brief cameos from the likes of Jack Lemmon, Roddy McDowell, Charles Durning, Scott Wilson, and Doris Roberts. This film is very little known, but it's worth tracking down for Laurie's performance especially.