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trade seems early to have risen in his mind, and he was perhaps the first member of the Stationers' craft to separate the business of bookselling from that of publishing. When Constable in Edinburgh sent him "a miscellaneous order of books from London," he replied: "Country orders are a branch of business which I have ever totally declined as incompatible with my more serious plans as a publisher." With ideas of this kind, it may readily be imagined that Murray was not what is usually called "a good man of business," a fact of which he was well aware, as the following incident, which occurred in his later years, amusingly indicates. The head of one of the larger firms with which he dealt came in person to Albemarle Street to receive payment of his account. This was duly handed to him in bills, which, by some carelessness, he lost on his way home, He thereupon wrote to Mr. Murray, requesting him to advertise in his own name for the lost property. Murray's reply was as follows: TWICKENHAM, _October_ 26, 1841. MY DEAR-----, I am exceedingly sorry for the vexatious, though, I hope, only temporary loss which you have met with; but I have so little character for being a man of business, that if the bills were advertised in _my_ name it would be publicly confirming the suspicion--but in your own name, it will be only considered as a very extraordinary circumstance, and I therefore give my impartial opinion in favour of the latter mode. Remaining, my dear-----, Most truly yours, JOHN MURRAY. The possession of ordinary commercial shrewdness, however, was by no means the quality most essential for successful publishing at the beginning of the nineteenth century. Both Constable and Ballantyne were men of great cleverness and aptitude for business; but, wanting certain higher endowments, they were unable to resist the whirl of excitement accompanying an unprecedented measure of financial success. Their ruin was as rapid as their rise. To Murray, on the other hand, perhaps their inferior in the average arts of calculation, a vigorous native sense, tempering a genuine enthusiasm for what was excellent in literature, gave precisely that mixture of dash and steadiness which was needed to satisfy the complicated requirements of the public taste. A high sense of rectitude is apparent in all his business transactions; and Charles Knight did him no more than justice in saying that he had "left an example of talent and
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