On the Economy of Machinery and ManufacturesBabbage, Charles
ReligionComparative
On the Economy of Machinery and Manufactures
Babbage, Charles
Machinery; Manufactures
As might be naturally expected from a compact so injurious to
many of the parties to it, disputes have arisen; several
booksellers have been placed under the ban of the combination,
who allege that they have not violated its rules, and who accuse
the opposite party of using spies, etc., to entrap them.(3*)
397. The origin of this combination has been explained by Mr
Pickering, of Chancery Lane, himself a publisher, in a printed
statement, entitled, 'Booksellers' Monopoly' and the following
list of booksellers, who form the committee for conducting this
combination, is copied from that printed at the head of each of
the cases published by Mr Pickering:
Allen, J., 7, Leadenhall Street.
Arch, J., 61, Cornhill.
Baldwin, R., 47, Paternoster Row.
Booth, J.
Duncan, J., 37, Paternoster Row.
Hatchard, J., Piccadilly.
Marshall, R., Stationers' Court.
Murray, J., Albemarle Street.
Rees, O., 39, Paternoster Row.
Richardson, J. M., 23, Cornhill.
Rivington, J., St. Paul's Churchyard.
Wilson, E., Royal Exchange.
398. In whatever manner the profits are divided between the
publisher and the retail bookseller, the fact remains, that the
reader pays for the volume in his hands 6s., and that the author
will receive only 3s. 10d.; out of which latter sum, the expense
of printing the volume must be paid: so that in passing through
two hands this book has produced a profit of forty-four per cent.
This excessive rate of profit has drawn into the book trade a
larger share of capital than was really advantageous; and the
competition between the different portions of that capital has
naturally led to the system of underselling, to which the
committee above mentioned are endeavouring to put a stop.(4*)
399. There are two parties who chiefly suffer from this
combination, the public and authors. The first party can seldom be
induced to take an active part against any grievance; and in fact
little is required from it, except a cordial support of the
authors, in any attempt to destroy a combination so injurious to
the interests of both.
Many an industrious bookseller would be glad to sell for 5s.
the volume which the reader holds in his hand, and for which he
has paid 6s.; and, in doing so for ready money, the tradesman who
paid 4s. 6d. for the book, would realize, without the least risk,
a profit of eleven per cent on the money he had advanced. It is
one of the objects of the combination we are discussing, to
prevent the small capitalist from employing his capital at that
rate of profit which he thinks most advantageous to himself; and
such a proceeding is decidedly injurious to the public.
Public-domain text, read in full here on John Shaqi.
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