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Updated: May 4, 2025
All advise me to execute a trust of my property for payment of my obligations. So does John Gibson, and so I resolve to do. My wife and daughter are gloomy, but yet patient. I trust by my hold on the works to make it every man's interest to be very gentle with me. Cadell makes it plain that by prudence they will, in six months, realise £20,000, which can be attainable by no effort of their own.
A long discourse with Cadell, canvassing his scheme. He proposes I should go on immediately with the new novel. This will furnish a fund from which may be supplied the advances necessary for the new work, which are considerable, and may reach from £4000 to £8000 the last sum quite improbable before it makes returns. Thus we can face the expenditure necessary to set on foot our great work.
I attended the Court, but there was very little for me to do. The snowy weather has annoyed my fingers with chilblains, and I have a threatening of rheumatism which Heaven avert! James Ballantyne and Mr. Cadell dined with me to-day and talked me into a good humour with my present task, which I had laid aside in disgust. It must, however, be done, though I am loth to begin to it again. January 16.
This scheme, outlined by Constable himself, and now carried out by Cadell and accepted by Scott's trustees, was for buying in the outstanding copyrights belonging to the bankrupt firm, and issuing the entire series of novels, with new introductions and notes by Scott himself, with attractive illustrations and in a cheap and handy form.
A gentleman called Cadell made the effort, and succeeded; he obtained the reward, but it was not enough to pay his heavy expenses, and when he endeavoured afterwards to carry on a trade, by transporting wool to the sea in flat-bottomed steamers, he found that the traffic on the river was not sufficiently great to repay his heavy outlay, and in a short time he was almost ruined.
Notwithstanding this sage resolution I did not write half a page of the said Demonology this day. I went to the Court, called on Mr. Cadell, returned dog-tired, and trifled my time with reading the trial of Corder.
This will in effect put an end to the trust; only the sales and produce must be pledged to insure the last £15,000 and the annuity interest of £600. In this way Mr. Cadell will become half-partner in the remaining volumes of the books following St. Ronan's; with all my heart, but he must pay well for it, for it is good property.
"Pride and Prejudice," when first offered to Cadell, was declined by return of post. The fate of "Northanger Abbey" was still more ignominious: it was sold for ten pounds to a Bath publisher, who, after keeping it many years in his drawer, was very glad to return it and get back his ten pounds.
Cadell is dissatisfied with the moderate success of the First Series of Chronicles; and disapproves of about half the volume already written of the Second Series, obviously rueing his engagement.
I could not help thinking, in the midst of the glee, what gloom had lately been over the minds of three of the company, Cadell, J.B., and the Journalist. Savary might have been gay in such a party with all his forgeries in his heart. "No eyes the rooks discover Which lurk beneath the deep." Life could not be endured were it seen in reality.
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