TC TO EDWARD CHAPMAN; 23 April 1850; DOI: 10.1215/lt-18500423-TC-EC-01; CL 25: 68
TC TO EDWARD CHAPMAN
Chelsea, 23 April, 1850
Having now got rid of Stump-Orator, I find that it will be good, before going farther, to get to some definite arrangement about the finance question; and have one's head no longer bothered with that poor ambiguity,—when there are so many weightier continually demanding to be settled.
The scheme of “Half-profits” I consider to be entirely inapplicable to the case; inasmuch as the “risk” was evidently from the first nothing; and I could myself, with perfect freedom, have ventured all the outlay upon the thing, certain that at least that was sure enough to be repaid. Nor do I wish to enter upon Printer's Accounts &c &c; which would carry me far beyond my depth before I got to clear satisfaction in them.
Judging by analogy of Books, and such light as I can get on this matter from the outside; and being withal very desirous to have it off my hands, and be at liberty to work without that extraneous coil to obstruct me,—I propose in brief this arrangement as at once clear and fair:
1. That I shall be bound to go on to the length of at least Twelve Pamphlets, whereby the Enterprise will spontaneously advertise itself to the due pitch, more and more, and the cost of Newspaper advertisements will be more and more spared to you.
2. That for each Pamphlet which reaches a sale of 2000 or more (or rather I should say, in business language, “of which you see good to print 2000 or more,” for that is the meaning), I shall be paid (due at the time of publication) Ten Pounds per Thousand: £30 if you print 3 thousand, £20, if you print 2; £40 if 4,—£45 if 4500 & so on in the like proportion
This is a very clear arrangement; and so far as I can judge, ought to be satisfactory to both parties. It will not cost one word of talk when the hour of settlement comes; and if you agree to it now, this is the last time it will require to be spoken of at all.— Believe me
Yours always truly /
E. Chapman Esq