On the Economy of Machinery and ManufacturesBabbage, Charles
ReligionComparative
On the Economy of Machinery and Manufactures
Babbage, Charles
Machinery; Manufactures
379. In the north of England a powerful combination has long
existed among the coal-owners, by which the public has suffered
in the payment of increased price. The late examination of
evidence before a Committee of the House of Commons, has
explained its mode of operation, and the Committee have
recommended, that for the present the sale of coal should be left
to the competition of other districts.
380. A combination, of another kind, exists at this moment to
a great extent, and operates upon the price of the very pages
which are now communicating information respecting it. A subject
so interesting to every reader, and still more so to every
manufacturer ofthe article which the reader consumes, deserves an
attentive examination.
We have shown in Chapter XXI, p. 144, the component parts of
the expense of each copy of the present work; and we have seen
that the total amount of the cost of its production, exclusive of
any payment to the author for his labour, is 2s. 3d.(1*)
Another fact, with which the reader is more practically
familiar, is that he has paid, or is to pay, to his bookseller,
six shillings for the volume. Let us now examine into the
distribution of these six shillings, and then, having the facts
ofthe case before us, we shall be better able to judgeofthe
meritsofthe combinationjust mentioned, andtoexplainits effects.
Distribution of the profits on a six shilling book
Buys at; Sells at; Profit on capital expended
s. d.; s. d.
No. I--The publisher who accounts to the author for every copy
received; 3 10; 4 2; 10 per cent
No. II--The bookseller who retails to the public; 4 2; 6 0; 44
Or, 4 6; 6 0; 33 1/3
No. I, the publisher, is a bookseller; he is, in fact, the
author's agent. His duties are, to receive and take charge of the
stock, for which he supplies warehouse room; to advise the author
about the times and methods of advertising; and to insert the
advertisements. As he publishes other books, he will advertise
lists of those sold by himself; and thus, by combining many in
one advertisement, diminish the expense to each of his
principals. He pays the author only for the books actually sold;
consequently, he makes no outlav of capital, except that which he
pays for advertisements: but he is answerable for any bad debts
he may contract in disposing of them. His charge is usually ten
per cent on the returns.
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