February 29 Friday – Sam wrote from Hartford to Charles Webster with ideas to discount subscription sales if a buyer bought two or more different books [MTBus 239-40]. He’d been writing “original matter” for L. Prang & Co, a big calendar and Christmas card publisher that used color to spur sales. Sam’s arrangement was to receive ten cents for each dollar calendar sold. Simple, yet Sam saw a loophole that might yield him more:
If Prang is going to have but one price for the calendar, & that price a dollar, it is all right—10 cents to me is correct. But don’t you think there ought to be a clause saying that if he should conclude to charge any higher price for any or all of them, my royalty in that case shall be 10 per cent?
It isn’t the amount of extra money involved that is bothering me particularly—it is the dread of a loose, unclear contract. Carefully look into the thing & get it just right [MTBus 240].
Charles Webster sent telegram: “Will you take one third profits from Malory, or on weekly basis what is your limit” [MTP].
Hubbard & Farmer, bankers & brokers, sent a statement of Sam’s balance this date of $10,124.58, with a strip showing each day’s balance in Feb. [MTP].
Worden & Co. Sent a statement showing $3,997.08 balance [MTP].