Cheraw gazette. [volume] (Cheraw, S.C.) 1835-1838, 1836-12-06
Prospectus
OF T1IH
AMERICAN LITERARY COMPANY

NttE oDlecI OF tlllS company ID " eie'9ee Nio
general standard ofliteratdre in the United
States, by introducing into common use, an
improved uniform series of elementary books, ana
stimulating native talent by securing to authors
the publisher profit on other than school books.
The plan is, the organization of company.
with sufficient capital to publish all books written
by native authors, which may be approved by
committee of publication, at the risk OF the CON-
pany, who shall pay over 70 the author all protit
on the sules, after deducting the printers chai-
ges and incidental expenses.
It 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 market, commission, interest and
guarantees, equal at least to twenty per cent.
A greater saving can be made by the employ
ment ofboys in composition, printing and bind
ing. This, with the profits periodicals, re-
prints, and elementary books, will secure to the
stockholders good dividend.
Byrsauiring each clerk, foreman, papermaker-
iournevman, proof.reader, and all others connect
ed with the Company, to hold certain amount
O. stock proportioned to their salary, which, when
it has not been paid in advance, will be liquidated
by sinking fund out Of their earnings, and held
subject to be assigned 10 the successor OF each,
upon a condition that such successor shall be al
lowed to pay for it by deduction from his earn
ings, each person attached to the company be-
comes stockholder, and, to the extent OF ms
stock interested in the success OF the institution.
This feature will be RICHLY enforced, and in case
any one in tho employment of the Company snail
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 Company's books can always be had
,r;,ac Rook sellers and conn.
try merchants who sell books, now pay profit
tn The paper maker, another to the printer, and
third 10 the publishers. Those who subscribe
stock in this Company will receive books at Their
cost, rating the printing at the New York prises,
TO the amount of the stock so subscribed; it be-
inc 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 10 such stockho
ders The Company thus guarantee to booksei-
| lers dividend of 6 per cent. per annum on the
amount of their stock, and the paper makers prof.
it, the printers profit and the publishers profit,
over and beyond their own profit as booksellers.
The advantage to the Company is that all the
stockholders will be interested in 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 maker aud publishers. Such an ar
rangemrnt =. Ali the booksellers will enable the
Company, by means ofa circular addressed to
their correspondents enclosing their report ofthe
committee of publication, to be sod, and thus
| protect them against all loss by es,ertaining in
advance if a proposed work can b. sold tor II IT
! cannot be sold, the Company W i not print IT.
Thus the interests Of authors, publishers and
booksellers will be reconcied, by creating COM
muuity in which the rights Of c.-h will be Sc
cured, the public benefited by e introduction
of a uniform series ofimproved 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
are now held against the prejudices OF the world
that society with more than i've hundred
auxiliary associations spread over many OF the
States of this Union, with immense sums tor tho
pratuitous distribution Of tracts and pamphlets,
| have declared universal emancipation, and re-
member the influence which early impressions
have on the matured mind all must see the nm
portance of guarding against the admission into
, our elementary books of any matter which may
nislead the feelings or Judgment.
Jnasmuch as the sale ofschool books is much
greater, and the value and profit depends much
more on the publisher, the Company will divide
the profit with the author OF compiler on all ee;
mentary books. This arrangement will place all
authors and compilers on the same footing; and
;nasmuch as the company will have no interest
in the copy right beyond contract for the ex,
elusive rig ght to publish until better or improved
book is produced by some other author the e, COM
panv will be always inviting. and in fact ohering
4 premium for better and improved books. AS 1t
now is, every author encounters the s competition pc
hooks, This Company will be an impartial um.
u;re H1 ready to place each now competitor on the
same same footing as the most favored party. Its OBJ
;ect heinz to publish the best book, and the profd.
& bcing the same Oh either, the preference will al
laws be. and Directors will be held in Columbia,
south Carolina, on the Both of November: In
the mean time subscriptions will be received, and
the certificates of stock issued when the Compa:
ny is organized. The objects to be accomplished
by this Company are such that it is hoped there
will be no want of funds; and we especially rely
on the readers of the Telegraph to forward their
; names. .,,,,N
! Washinrton CITY, August I'd, 1886.