our corsairs on the high seas of literature who paid a fair price for the stranger craft they seized; still oftener they removed the cargo, and released their capture with several weeks' provision; and although there was undoubtedly a good deal of actual throat-cutting and scuttling, still I feel sure that there was less of it than there would have been in any other line of business released to the unrestricted plunder of the neighbor. There was for a long time even a comity among these amiable buccaneers, who agreed not to interfere with each other, and so were enabled to pay over to their victims some portion of the profit from their stolen goods. Of all business men publishers are probably the most faithful and honorable, and are only surpassed in virtue when men of letters turn business men. Publishers have their little theories, their little superstitions, and their blind faith in the great god Chance, which we all worship. These things lead them into temptation and adversity, but they seem to do fairly well as business men, even in their own behalf. They do not make above the usual ninety-five per cent. of failures, and more publishers than authors get rich. I have known several publishers who kept their carriages, but I have never known even one author to keep his carriage on the profits of his literature, unless it was in some modest country place where one could take care of one's own horse. But this is simply because the authors are so many, and the publishers are so few. If we wish to reverse their positions, we must study how to reduce the number of authors and increase the number of publishers; then prosperity will smile our way. VIII.