American literature -- History and criticism; Authors; English literature -- History and criticism
The foregoing are respectable figures, but they appear small when compared
with the amounts paid to Lord Macaulay. On one occasion he had handed to
him a cheque for £20,000, representing three-fourths of the net profits of
his "History of England." A short time since, the following statement went
the rounds of the newspaper press, respecting Mr. Justin McCarthy's
popular work, the "History of Our Own Times." The book was offered to a
well-known publishing firm, who agreed to purchase it for £600. On finding
that the author was a Home Ruler, however, this firm asked to be allowed
to withdraw from the contract. Mr. McCarthy, who was greatly annoyed at
the suggestion that he might mutilate history to suit his own private or
political views, then went to Messrs. Chatto and Windus, who at once
agreed to publish the work for him on a basis of mutual profits. In the
interval, the other firm reconsidered the situation, and asked to be
allowed to revive the lapsed contract, but were too late, as the book had
been placed in the hands of the second firm. The work won a flattering
reception, and the author has, up to the present time, received several
thousand pounds as his share of the profits.
In 1897 passed away Dr. Brewer, the compiler of a "Guide to Science," and
other popular books. Shortly before his death, he told an interviewer that
he offered the copyright of his "Guide to Science" to Mr. Thomas Jarrold
for £50, but he declined the venture, saving he would pay a royalty of one
penny in the shilling for every copy sold. It went through two editions in
ten months, and then it was agreed to call 8,000 an edition, the royalty
to be given half-yearly, but any number less than 1,000 to stand over to
the next return. The largest half-yearly royalty was 19,000 copies
(Midsummer, 1836). In 1842, Dr. Brewer offered Mr. Jarrold £2,000 for his
half-share, which he declined. Soon after this, Messrs. Longman and Co.
offered Dr. Brewer £300 per year for life for the copyright. He offered
Mr. Jarrold £4,000 for his share, but he replied that he would not accept
double that sum, in fact that he would not part with it at all.
According to a careful estimate, Charles Dickens received £10,000 a year
from his works for five years, and died worth nearly £100,000. He made
every penny from his writings and readings. We need scarcely repeat the
well-known facts that "he not only lived in a very liberal style for over
thirty years, keeping up a considerable establishment, and often
travelling without regard to cost, but he brought up a large and expensive
family."
Thackeray did not make large sums by his books, when we consider his
undoubted genius and the high place he holds amongst the greatest authors.
It is said that he never made more than £5,000 out of any of his novels.
He received large sums for his lectures; indeed, the platform yielded him
better returns than the publishers.
Public-domain text, read in full here on John Shaqi.
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