Charles L. Webster and Company
Publishing house From Wikipedia, the free encyclopedia
Publishing house From Wikipedia, the free encyclopedia
Charles L. Webster and Company was an American subscription publishing firm founded in New York in 1884 by author and journalist Samuel Clemens, popularly known as Mark Twain.[1] The firm was closed after declaring bankruptcy in 1894.
Founded in 1884, the firm was named after Clemens' niece’s husband Charles L. Webster whom Clemens appointed the firm's business director. The formation of the company came out of Clemens' dissatisfaction with his previous publishers including Charles H. Webb, Elisha Bliss, and James R. Osgood. Clemens wanted to earn a dual income as both author and publisher of books.[1] The first two American publications of the firm, Adventures of Huckleberry Finn (1885) and the Personal Memoirs of Ulysses S. Grant (1885) were highly successful. The Ulysses S. Grant memoir publication in particular financially helped Grant and his family at a time when Grant was sick, having been diagnosed with throat cancer. Grant was a former President of the United States and top commanding general during the Civil War and Reconstruction. After Grant's death, Clemens gave Grant's widowed wife, Julia, a substantial royalty check of $450,000, the equivalent of 11 million dollars today.[1] According to Webster, prior to his death, Grant dictated the last part of the second volume to a stenographer working for the firm, due to writing fatigue, starting with Robert E. Lee's surrender at Appomattox.[2] Webster, who accompanied the stenographer, respected Grant's reputation and honored his request to keep secret from reporters that Grant dictated part of the book.[2]
Other books later published by the firm were not as successful and soon Clemens had to reinvest profits back into the firm to make up for losses. In 1888, as the company financially suffered, Clemens fired Webster, who was at odds with him on how to run the firm successfully.[1] Webster, himself, had been overworked traveling throughout the United States visiting the firm's principal agents.[1][2] As the firm grew deeper in debt, Clemens was forced to close the business having formally declared bankruptcy on April 18, 1894.[1] The firms most productive years, although not financially, were from 1891 to 1893. Notable authors published, including Clemens, were Leo Tolstoy, Henry George, and Walt Whitman.[citation needed]
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