e
Capital.

Yrs affly, especially Ma.,
Yr SAM.

I have to make a speech at the annual Herald dinner on the 6th of May.

No formal contract for the book had been made when this letter was
written. A verbal agreement between Bliss and Clemens had been
reached, to be ratified by an exchange of letters in the near
future. Bliss had made two propositions, viz., ten thousand
dollars, cash in hand, or a 5-per-cent. royalty on the selling price
of the book. The cash sum offered looked very large to Mark Twain,
and he was sorely tempted to accept it. He had faith, however, in
the book, and in Bliss's ability to sell it. He agreed, therefore,
to the royalty proposition; "The best business judgment I ever
displayed" he often declared in after years. Five per cent.
royalty sounds rather small in these days of more liberal contracts.
But the American Publishing Company sold its books only by
subscription, and the agents' commissions and delivery expenses ate
heavily into the profits. Clemens was probably correct in saying
that his percentage was larger than had been paid to any previous
author except Horace Greeley. The John Hooker mentioned was the
husband of Henry Ward Beecher's sister, Isabel. It was easy to
understand the Beecher family's robust appreciation of Mark Twain.

From the office of Dan Slote, his room-mate of the Quaker City
--"Dan" of the Innocents--Clemens wrote his letter that closed the
agreement with Bliss.

*****

To Elisha Bliss, Jr., in Hartford:

Office of SLOTE & WOODMAN, Blank Book Manufacturers,

Nos. 119-121 William St.

NEW YORK, January 27, 1868.
Mr. E. Bliss, Jr.

Sec'y American Publishing Co.

Hartford Conn.

DEAR SIR, Your favor of Jan. 25th is received, and in reply, I will say
that I accede to your several propositions, viz: That I furnish to the
American Publishing Company, through you, with MSS sufficient for a
volume of 500 to 600 pages, the subject to be the Quaker City, the
voyage, description of places, &c., and also embodying the substance of
the letters written by me during that trip, said MSS to be ready
about the first of August, next, I to give all the usual and necessary
attention in preparing