Money-making men; or, how to grow richRitchie, J. Ewing (James Ewing)
General
Money-making men; or, how to grow rich
Ritchie, J. Ewing (James Ewing)
Rich people -- Biography
In 1823, London society was much exercised on the subject of literary
gains. Miss Wynn writes in her “Diaries of a Lady of Quality”—“I heard
to-day from Mr. Rogers that Constable, the bookseller, told him last May
that he paid the author of ‘Waverley’ the sum of £110,000. To that may
now be added the produce of ‘Red Gauntlet,’ and ‘St. Ronan’s Well;’ for I
fancy Quentin Durward’ was at least printed, if not published. I asked
whether the ‘Tales of my Landlord,’ which do not bear the same name, were
taken into calculation, and was told they were, but of course the poems
were not. All this has been done in twenty years.” In 1803, an unknown
Mr. Scott’s name was found as the author of three very good ballads in
Lewis’s “Tales of Wonder.” This was his first publication.—Pope, who
until now had been considered as the poet who had made the most by his
works, died worth about £800 a-year.—Johnson, for his last and best work,
his “Lives of the Poets,” published after the “Rambler” and the
“Dictionary” had established his fame, got two hundred guineas, to which
was added one hundred more. Mr. Hayward, in a note, adds—“‘Waverley’
having been published in 1814, the sum mentioned by Constable was earned
in nine years, by eleven novels in three volumes each, and three series
of ‘Tales of my Landlord,’ making nine volumes more; eight novels
twenty-four volumes, being yet to come. Scott’s first publication,
‘Translations from the German,’ was in 1796. During the whole of his
literary life he was profitably engaged in miscellaneous writing and
editing; and whatever the expectations raised by has continued popularity
and great profits, they were surpassed by the sale of the collected and
illustrated edition of the novels commenced under his own revision in
1829. Altogether, the aggregate amount gained by Scott in his lifetime,
very far exceeds any sum hitherto named as accruing to any other man from
authorship. Pope inherited a fortune, saved and speculated; and we must
come at once to modern times to find plausible subjects of comparison.
T. Moore’s profits, spread over his life, yield but a moderate income.
Byron’s did not exceed £20,000. Talfourd once showed me a calculation,
by which he made out that Dickens, soon after the commencement of
‘Nicholas Nickleby,’ _ought_ to have been in the receipt of £10,000
a-year. Thackeray never got enough to live handsomely and lay by. Sir
E. B. Lytton is said to have made altogether from £80,000 to £100,000 by
his writings’. We hear of 500,000 francs (£20,000) having been given in
France for Histories—to MM. Thiers and Lamartine for example; but the
largest single payment ever made to an author for a book, was the cheque
for £20,000, _on account_, paid by Messrs. Longman to Macaulay soon after
the appearance of the third and fourth volumes of his History, the terms
being that he should receive three-fourths of the net profits.” This
note of Mr. Hayward’s, it should be remembered, was written in 1864.
Public-domain text, read in full here on John Shaqi.
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