Cheraw gazette. [volume] (Cheraw, S.C.) 1835-1838, 1836-12-20
Cheese.
Mountain Butter.
Prospectus
OF TILE

OF TIE
AMERICAN LITERARY COMPANY.
5HHHE object ofthis Company is to elevate tn,
a general standard of literature in the United
States, by introducing into common use, all
improved uniform series Of elementary books, and
stimulating tive talent, by securngto authors
the publishers profit Oh other than school book:
The plan is, the organization Of a company,
with sufficient capital publish all books writtea
by native authors, which may bo approved by
committee of publication, at the risk OF We COM
pany, who shall pay over to the author oil profit
OH the sales, after deducting the printers chai-
res and incidental expenses.
II is proposed to manufacture the paper used
in printing, and thus to save the expense of dry
ing it for market, putting it into bundles, trans
portation TO nlaiAet, commission, interest and
guarantees, equal at least to twenty per cent.
4 greater saving can be made by the employ
ment ofboys in composition, printing and bind,
ing. This, with the profits on periodicals, re-
prints, and elementary booss, will secure to tie
stockholders good disidend.
By requiring each clerk, foreman, papermaker-
journeyman, proof-resler, and all others connect
ed with the Company, to hold a certain amount
ofstock proportioned to their salary, which, when
has not been paid in advance, will be liquidated
by sinking fund out Of sheir earnings, and held
subject to be assigned to the successor of each,
upon a condition that such successor shall be al
lowed to pay for it by deduction from his earn
ngs, each person attached to the company be-
comes a stockholder, and, to the extent Of his
stock interested in the success of the institution.
This feature will be rigidly enforced, and in case
any one in tho employment ofthe Company shall
for any cause, be dismissed or leave its service,
his stock will be assigned to his successor.
Agencies will be established in the large cities,
where the Companys booSs can always be had
At the wholesale prices. Booksellers, and coun-
try merchants who sell books, now pay profit
to the paper maker, another to the printer, and
third TO the publishers. Those who subscribe
stock in this Company will receive books at their
cost, rating tho printing at the New ork prices,
to thu amount Of the stock SO subscribed 1t be-
ing understood that the dividend on their stock,
to the amount Of six per cent. per annum only,
shall be charged as interest and that all dividend
above six per cent shall be paid To such stockhol-
ders The Company thus guarantee to booksei-
lers dividend of per cent. per, annnm on tho
amount ofther stock, and the paper makers pre- :
it. the printers profit, and the publishers Trofit
over and beyond their own profit as booksellers.
The advant. .ge to the Company is, that all the
stockholders will be interested III getting work
for the Company's Office, and that each stock.
holder will always give preference to the Com
pany's paper and the Company's books over those
of other malei aud publishers. Such an az
rangemam, Ali the booksellers will enable the
! Company, by means Of a circular addressed to
their correspondents enclosing their report OF the
committee Of publication, to be ,"d, and thus
protect them against all loss by ss'ertaining IN
/ advance if proposed work can b. seid tor II u
cannot be sold, the Company W u not PRINT i:
| Thus tho interests Of authors, publishers and
booksellers will be reconciled, by s:eating CON-
munity in which the rights of e'.;h will be Sc
cured, the public benefited by introduction
of a uniform series ofimproyed school books, and
! the South protected against the introduction OF
any matter tending in the most remote degree To
assail our institutions and prosperity. And when
we take into consideration the fact was that there
arc now held against the prejudices of the world
that society with more than five hundred
| auxiliary associations spread over many OF the
States of this Union, with immense sums for the
gratuitous distribution of tracts and pamphlets,
| have declared universal emancipation, and re-
member the influence which early impressions
have on the ma,ured mind, all must see the i'm
portance of guarding against the admission into
our elementary books of amy matter winch may
inslead the feelings or Judgment.
| Inasmuch as the sale of school books is much
greater, and the value and profit depends much
more on the publisher, tie Company viii divide
the profit with the author or compiler on all elc.
mentary books. This arrangement will place all
authors and compilers on the same footing; and
inasmuch as the company will have no interest
in the copy right beyond a contract for the e1-
elusive right to publish until better or improved
5ooH is produced by some other author, the COM
plnv will be always inviting, and in fact offering
a prcmiunl for better and improved books. As il
now is, every author encounters the competition
of publishers who have the copyrights Of rival
books. This Company will be an impartial um
pire, ready 10 place each now competitor on the
same footing as the most favored party. Its OBJ
iect being to publish the best book, aud the profit
being the same OF either, the preference will al
ways be, and Directors will be held in Columbia
South Carolina on the 30th Of November. lr
the mean time subscriptions will be received, ant
the certificates Of stock issued when the Compa
nv is organized. The objects to be accomplishet
by this Company ere such that it is hoped ther'
v III be 10 want of funds; and we especially rely
on The readers of the Telegraph to forward thei
names.
Was shiagton City, August I'd, 1886.