etentious
establishment. A number of books were published at a heavy loss. Never
mind their titles; we may forget them, with the name of the bookkeeper
who presently embezzled thirty thousand dollars of the firm's money and
returned but a trifling sum.

By the end of 1887 there were three works in prospect on which great
hopes were founded--'The Library of Humor', which Howells and Clark had
edited; a personal memoir of General Sheridan's, and a Library of
American Literature in ten volumes, compiled by Edmund Clarence Stedman
and Ellen Mackay Hutchinson. It was believed these would restore the
fortunes and the prestige of the firm. They were all excellent,
attractive features. The Library of Humor was ably selected and
contained two hundred choice drawings by Kemble. The Sheridan Memoir was
finely written, and the public interest in it was bound to be general.
The Library of American Literature was a collection of the best American
writing, and seemed bound to appeal to every American reading-home. It
was necessary to borrow most of the money required to build these books,
for the profit made from the Grant Life and less fortunate ventures was
pretty well exhausted. Clemens presently found a little drift of his
notes accumulating at this bank and that--a disturbing condition, when he
remembered it, for he was financing the typesetting machine by this time,
and it was costing a pretty sum.

Meantime, Webster was no longer active in the management. In two years
he had broken down from overwork, and was now desperately ill with an
acute neuralgia that kept him away from the business most of the time.
Its burdens had fallen upon his assistant, Fred J. Hall, a willing,
capable young man, persevering and hopeful, lacking only years and
experience. Hall worked like a beaver, and continually looked forward to
success. He explained, with each month's report of affairs, just why the
business had not prospered more during that particular month, and just
why its profits would be greater during the next. Webster finally
retired from the business altogether, and Hall was given a small
partnership in the firm. He reduced expenses, worked desperately,
pumping out the debts, and managed to keep the craft afloat.

The Library of Humor, the Life of Sheridan, and The Library of American
Literature all sold very well; not so well as had been hoped, but the
sales yielded a fair profit. It was thought that if Clemens himself
would furnish