Allen, J., 7, Leadenhall Street. 
 Arch, J., 61, Cornhill. 
 Baldwin, R., 47, Paternoster Row. 
 Booth, J.
 Duncan, J., 37, Paternoster Row. 
 Hatchard, J., Piccadilly. 
 Marshall, R., Stationers’ Court. 
 Murray, J., Albemarle Street. 
 Rees, O., 39, Paternoster Row. 
 Richardson, J. M., 23, Cornhill. 
 Rivington, J., St. Paul’s Churchyard. 
 Wilson, E., Royal Exchange.

398.  In whatever manner the profits are divided between the publisher and the retail bookseller, the fact remains, that the reader pays for the volume in his hands 6s., and that the author will receive only 3s. 10d.; out of which latter sum, the expense of printing the volume must be paid:  so that in passing through two hands this book has produced a profit of forty-four per cent.  This excessive rate of profit has drawn into the book trade a larger share of capital than was really advantageous; and the competition between the different portions of that capital has naturally led to the system of underselling, to which the committee above mentioned are endeavouring to put a stop.(4*)

399.  There are two parties who chiefly suffer from this combination, the public and authors.  The first party can seldom be induced to take an active part against any grievance; and in fact little is required from it, except a cordial support of the authors, in any attempt to destroy a combination so injurious to the interests of both.

Many an industrious bookseller would be glad to sell for 5s. the volume which the reader holds in his hand, and for which he has paid 6s.; and, in doing so for ready money, the tradesman who paid 4s. 6d. for the book, would realize, without the least risk, a profit of eleven per cent on the money he had advanced.  It is one of the objects of the combination we are discussing, to prevent the small capitalist from employing his capital at that rate of profit which he thinks most advantageous to himself; and such a proceeding is decidedly injurious to the public.

400.  Having derived little pecuniary advantage from my own literary productions; and being aware, that from the very nature of their subjects, they can scarcely be expected to reimburse the expense of preparing them, I may be permitted to offer an opinion upon the subject, which I believe to be as little influenced by any expectation of advantage from the future, as it is by any disappointment at the past.

Before, however, we proceed to sketch the plan of a campaign against Paternoster Row, it will be fit to inform the reader of the nature of the enemies’ forces, and of his means of attack and defence.  Several of the great publishers find it convenient to be the proprietors of reviews, magazines, journals, and even of newspapers.  The editors are paid, in some instances very handsomely, for their superintendence; and it is scarcely to be expected that they should always mete out the severest justice on works by the