ful tradespeople,
of course, or as men in the other professions when they begin to make
themselves names; the high state of brokers, bankers, railroad operators,
and the like is, in the nature of the case, beyond their fondest dreams
of pecuniary affluence and social splendor. Perhaps they do not want the
chief seats in the synagogue; it is certain they do not get them. Still,
they do very fairly well, as things go; and several have incomes that
would seem riches to the great mass of worthy Americans who work with
their hands for a living--when they can get the work. Their incomes are
mainly from serial publication in the different magazines; and the
prosperity of the magazines has given a whole class existence which, as a
class, was wholly unknown among us before the Civil War. It is not only
the famous or fully recognized authors who live in this way, but the much
larger number of clever people who are as yet known chiefly to the
editors, and who may never make themselves a public, but who do well a
kind of acceptable work. These are the sort who do not get reprinted
from the periodicals; but the better recognized authors do get reprinted,
and then their serial work in its completed form appeals to the readers
who say they do not read serials. The multitude of these is not great,
and if an author rested his hopes upon their favor he would be a much
more imbittered man than he now generally is. But he understands
perfectly well that his reward is in the serial and not in the book; the
return from that he may count as so much money found in the road--a few
hundreds, a very few thousands, at the most, unless he is the author of
an historical romance.

IV

I doubt, indeed, whether the earnings of literary men are absolutely as
great as they were earlier in the century, in any of the English-speaking
countries; relatively they are nothing like as great. Scott had forty
thousand dollars for 'Woodstock,' which was not a very large novel, and
was by no means one of his best; and forty thousand dollars then had at
least the purchasing power of sixty thousand now. Moore had three
thousand guineas for 'Lalla Rookh,' but what publisher would be rash
enough to pay fifteen thousand dollars for the masterpiece of a minor
poet now? The book, except in very rare instances, makes nothing like
the return to the author that the magazine makes, and there are few
leading authors who find their account in that form of publication.
Those