“Literature-making has not yet taken the rank of a profession, but of late the world has modified its opinion as to the ability of literary people to drive a close bargain, or to manage financial affairs with success. Many women and some men have shown that it is possible for a vivid imagination and a brilliant style in writing to go close along with a practical and a fair share of selfish shrewdness in matters of bargain and sale. Still, after all, it true that a strong majority of literary people are of the Micawber genus, with great faith in what is to turn up, always nicely balancing themselves on the extreme of and gazing over into the promise-land of fame and fortune with pathetically hopeful, yet hollow eyes. Indeed there is no species of more uncertain in its results or more fascinating to its victims than literary gambling. Day after day, month after month, year after year, the[91] , enthusiastic, ever defeated but never discouraged writer his pen, the publishers and editors, receives their rebuffs, rough or smooth, takes back his declined manuscripts, tries it over and over, sweats, , , , , , re-writes, takes a new nom de and new courage, goes on and on to the end. Here or there goes that some fortunate literator has turned the right card and has a great prize; this rumor, never quite , is enough to re-invigorate all the fainting scribblers and to new victims into the casino of the Cadmean . The man who manipulates the literary machine is the publisher, that invisible person who usually grows rich upon the profits of unsuccessful books. He it is who the infatuated young novelist, essayist, or poet, into the beautiful bunco- of the book business and there fastens him and holds him as long as he will not ; but at the first note of he kicks him out and fills his place with a fresh victim. The literary Micawber, however, does not despair. He may be a little silly from the effect of the summersault to which the publisher’s boot has treated him, but after a distraught look about him he gets up, brushes the dust off his seedy clothes and goes directly back into the den again with another manuscript under his arm and with a faith burning in his deep-set eyes. What and beautiful courage, by the way, have the literary women! Of course the monster who presides[92] at the publisher’s desk cannot be as to her as he is to men, but he manipulates her copyright statements all the same, so that her book never passes the line of fifteen hundred copies sold. How can we ever account for a woman who has written forty-three novels under such circumstances and has died, finally, a and a staunch friend of her publisher? Poor thing! up to the hour of her , white-haired, wrinkled, over-worked, nervous and semi-paralytic, she nursed the hope that to-morrow, or at the very latest, the day after to-morrow, the reward of all her self-devotion would come to her in the form of a liberal copyright statement from her long-suffering and charitable publisher.  
“Out in the West they have a disease called milk-sickness, an awful , of which everybody stands in deadly terror, but which nobody has ever seen. If you set out to find a case of milk-sickness it is like following a will-o’-the-wisp, it is always just a little way farther on, over in the next settlement; you never find it. The really successful author in America is, like the milk-sickness, never visible, except on the remote horizon. You hear much of him, but you never have the pleasure of shaking his cunning right hand. The fact is, he is a myth. On the other hand, however, the American cities are full of successful publishers who have become millionaires upon the profits of books which have starved their authors. Of course this appears to be a , but I suppose that[93] it can be explained by the rule of profit and loss. The author’s loss is the publisher’s profit.”
 
The foregoing is, in substance, the opening part of an address delivered by Ferris before the assembled guests of Hotel Helicon.
 
Mrs. Nancy Jones Black presided at the meeting; indeed she always presided at meetings. On this occasion, which was informal and , Ferris was in excellent mood for speaking, as he just had been notified by a letter from Dunkirk & Co. that he was expected to pay in advance for the plates of his new romance, A Mysterious Missive, and that a personal check would not be accepted—a draft on New York must be sent forthwith. Although Ferris was a good fellow, who cared nothing for money as money, this demand for a sum the half of which he could not command if his life were at stake, hit him like a bullet-stroke. A chance to talk off the soreness of the wound was accepted with avidity. He felt guilty of a meanness, it is true, in thus stirring up old troubles and opening afresh ancient hurts in the breasts of his listening friends; but the relief to him was so great that he could not forego it. “The American publisher,” he went on, “proclaims himself a fraud by demanding of the author a contract which places the author’s business wholly in the control of the publisher. I take it that publishers are just as honest and just as dishonest, as any other class of respectable men. You ............