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Philadelphia Sep. 27. 1842.
My Dear Sir,
Through some accident, I did not receive your letter of the 15th inst: until this morning, and now hasten to reply.
Allow me, in the first place, to thank you sincerely for your kindness in procuring me the subscribers to the Penn Magazine. The four names sent will aid me most materially in this early stage of the proceedings.
As yet I have taken no overt step in the measure, and have not even printed a Prospectus. As soon as I do this I will send you several. I do not wish to announce my positive resumption of the original scheme until about the middle of October. Before that period I have reason to believe that I shall have received an appointment in the Philadelphia Custom House, which will afford me a good salary and leave the greater portion of my time unemployed. With this appointment to fall back upon, as a certain resource, I shall be enabled to start the Magazine without difficulty, provided I can make an arrangement with either a practical printer possessing a small office, or some one not a printer, with about $1000 at command. (over [ )]
[page 2:] It would, of course, be better for the permanent influence and success of the journal that I unite myself with a gentleman of education & similarity of thought and feeling. It was this consciousness which induced me to suggest the enterprise to yourself. I know no one with whom I would more readily enter into association than yourself.
I am not aware what are your political views. My own have reference to no one of the present parties; but it has been hinted to me that I will receive the most effectual patronage from Government, for a journal which will admit occasional papers in support of the Administration. For Mr Tyler personally, & as an honest statesman, I have the highest respect. Of the government patronage, upon the condition specified, I am assuredand this alone will more than sustain the Magazine.
The only real difficulty lies in the beginning — in the pecuniary means for getting out the two (or three) first numbers; after this all is sure, and a great triumph may, and indeed willbe achieved. If you can command about $1000 and say that you will join me, I will write you fully as respects the details of the plan, or we can have an immediate interview.
It would be proper to start with an edition of 1000 copies. For this number, the monthly expense, including paper (of the finest quality) composition, press-work & stitching will be about 180$. I calculate allexpenses at about $250 — which is $3000 per annum — a very [page 3:] liberal estimate. 1000 copies at $5 = 5000$ — leaving a nett profit of 2000$, even supposing we have only 1000 subscribers. But I am sure of beginningwith at least 500, and make no doubt of obtaining 5000 before the expiration of the 2d year. A Magazine, such as I propose, with 5000 subscribers will produce us each an income of some $10,000; and this you will acknowledge is a game worth playing. At the same time there is no earthly reason why such a Magazine may not, eventually, reach a circulation as great as that of “Graham's” at present — viz 50,000.
I repeat that it would give me the most sincere pleasure if you would make up your mind to join me. I am sure of our community of thought & feeling, and that we would accomplish much.
In regard to the poem on Harrison's death, I regret to [say] that nothing can be done with the Philadelphia publishers. The truth is that the higher order of poetry is, and always will be, in this country, unsaleable; but, even were it otherwise, the present state of the CopyRight Laws will not warrant any publisher, in purchasingan American book. The only condition, I am afraid, upon which the poem can be printed, is that you print at your own expense.
I will see Griswold and endeavour to get the smaller poems from him. A precious fellow is he!
Write as soon as you receive this & believe me
Yours most truly
Edgar A Poe
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Notes:
None.
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[S:0 - MS, 18xx] - Edgar Allan Poe Society of Baltimore - Works - Letters - Poe to T. H. Chivers (LTR145/RCL394)