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Papermakers and printers are paid in the same way, so that in practice the publisher-bookseller has a dozen or a score of works on sale for a twelvemonth before he pays for them. Even if only two or three of these hit the public taste, the profitable speculations pay for the bad, and the publisher pays his way by grafting, as it were, one book upon another.

But if all of them turn out badly; or if, for his misfortune, the publisher-bookseller happens to bring out some really good literature which stays on hand until the right public discovers and appreciates it; or if it costs too much to discount the paper that he receives, then, resignedly, he files his schedule, and becomes a bankrupt with an untroubled mind.

Papermakers and printers are paid in the same way, so that in practice the publisher-bookseller has a dozen or a score of works on sale for a twelvemonth before he pays for them. Even if only two or three of these hit the public taste, the profitable speculations pay for the bad, and the publisher pays his way by grafting, as it were, one book upon another.

But if all of them turn out badly; or if, for his misfortune, the publisher-bookseller happens to bring out some really good literature which stays on hand until the right public discovers and appreciates it; or if it costs too much to discount the paper that he receives, then, resignedly, he files his schedule, and becomes a bankrupt with an untroubled mind.