AGAINST THE PUBLIC.

261

We have shown in Chap. XX. p. 166, the com-ponent parts of the expense of each copy of thepresent work ; and we have seen that the total amountof its cost of production, exclusive of any payment tothe author for his labour, is 2s. 3|<f.

Another fact, with which the reader is more practi-cally familiar, is, fliat he has paid, or is to pay, hisbookseller six shillings for the volume. Let us nowexamine into the distribution of these six shillings,and then, having the facts of the case before us, weshall be better able to judge of the merits of thecombination, and to explain its effects.

Distribution of the Profits on a Six Shilling Book.

BUYS

SELLS

PROFIT

AT

AT

on Capitalexpended.

No. I.— The publisher who ac- }

s, d ,

S.

d.

counts to the author for >every copy received . . y

3 10

4

2

lOpercent.

No. II.— Bookseller who retails )to the public . . . .)

4 2

6

0

44 —

Or.

4 6

6

0

334 -

No. I. the Publisher, is a bookseller; he is, infact, the author’s agent. His duties are to receive andtake charge of the stock, for which he supplies ware-house-room ; to advise the author about the timesand methods of advertising ; and to insert the adver-tisements. As he publishes other books, he willadvertise lists of those sold by himself; and thus, bycombining many in one advertisement, diminish theexpense to each of his principals. He pays theauthor only for the books actually sold, consequently,