but they do not, altogether, want
enough literature to justify the best business talent in devoting itself
to belles-lettres, to fiction, or poetry, or humorous sketches of travel,
or light essays; business talent can do far better in dry goods,
groceries, drugs, stocks, real estate, railroads, and the like. I do not
think there is any danger of a ruinous competition from it in the field
which, though narrow, seems so rich to us poor fellows, whose business
talent is small, at the best.

The most of the material contributed to the magazines is the subject of
agreement between the editor and the author; it is either suggested by
the author or is the fruit of some suggestion from the editor; in any
case the price is stipulated beforehand, and it is no longer the custom
for a well-known contributor to leave the payment to the justice or the
generosity of the publisher; that was never a fair thing to either, nor
ever a wise thing. Usually, the price is so much a thousand words, a
truly odious method of computing literary value, and one well calculated
to make the author feel keenly the hatefulness of selling his art at all.
It is as if a painter sold his picture at so much a square inch, or a
sculptor bargained away a group of statuary by the pound. But it is a
custom that you cannot always successfully quarrel with, and most writers
gladly consent to it, if only the price a thousand words is large enough.
The sale to the editor means the sale of the serial rights only, but if
the publisher of the magazine is also a publisher of books, the
republication of the material is supposed to be his right, unless there
is an understanding to the contrary; the terms for this are another
affair. Formerly something more could be got for the author by the
simultaneous appearance of his work in an English magazine; but now the
great American magazines, which pay far higher prices than any others in
the world, have a circulation in England so much exceeding that of any
English periodical that the simultaneous publication can no longer be
arranged for from this side, though I believe it is still done here from
the other side.

VI.

I think this is the case of authorship as it now stands with regard to
the magazines. I am not sure that the case is in every way improved for
young authors. The magazines all maintain a staff for the careful
examination of manuscripts, but as most of the material they print has
been engaged, the number of