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Publishers have their little theories, their little
superstitions, and their blind faith in the great god Chance,
which we all worship. These things lead them into temptation and
adversity, but they seem to do fairly well as business men, even
in their own behalf. They do not make above the usual
ninety-five per cent. of failures, and more publishers than
authors get rich. I have known several publishers who kept their
carriages, but I have never known even one author to keep his
carriage on the profits of his literature, unless it was in some
modest country place where one could take care of one's own
horse. But this is simply because the authors are so many, and
the publishers are so few. If we wish to reverse their
positions, we must study how to reduce the number of authors and
increase the number of publishers; then prosperity will smile our
way.
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