The Letters Of Mark Twain, Complete


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his troubles. He was by this time one-third owner in the business of  
Charles L. Webster & Co., as well as its general manager. The business  
had been drained of its capital one way and another-partly by the  
publication of unprofitable books; partly by the earlier demands of  
the typesetter, but more than all by the manufacturing cost and agents'  
commissions demanded by L. A. L.; that is to say, the eleven large  
volumes constituting the Library of American Literature, which Webster  
had undertaken to place in a million American homes. There was plenty  
of sale for it--indeed, that was just the trouble; for it was sold on  
payments--small monthly payments--while the cost of manufacture and  
the liberal agents' commissions were cash items, and it would require a  
considerable period before the dribble of collections would swell into  
a tide large enough to satisfy the steady outflow of expense. A sale  
of twenty-five sets a day meant prosperity on paper, but unless capital  
could be raised from some other source to make and market those books  
through a period of months, perhaps even years, to come, it meant  
bankruptcy in reality. It was Hall's job, with Clemens to back him, to  
keep their ship afloat on these steadily ebbing financial waters. It  
was also Hall's affair to keep Mark Twain cheerful, to look pleasant  
himself, and to show how they were steadily getting rich because orders  
were pouring in, though a cloud that resembled bankruptcy loomed always  
a little higher upon the horizon. If Hall had not been young and an  
optimist, he would have been frightened out of his boots early in the  
game. As it was, he made a brave steady fight, kept as cheerful and  
stiff an upper lip as possible, always hoping that something would  
happen--some grand sale of his other books, some unexpected inflow from  
840  


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