Skip to main content

Moses's Highest And Lowest Moments

     By 1857, at this point the sole active senior member of the firm, due to Charles Sampson's illness, Moses decides to bring his business acumen, his money, and his firm’s reputation to a new periodical.  He is one of the most successful publishers, his financial investments are paying off well, and the Phillips, Sampson and Company brand is recognized in the United States and abroad.

     Phillips is aware of the financial problems in the book trade, which originated during the 1856 election, yet he still finds the idea of a magazine worth the risk.  Despite the slowdown, he is successful selling books.  Instead of taking huge risks, he wisely focuses on publishing books by his most well known authors.  Moses publicizes their works through carefully established advertising markets and distribution networks.

     Having observed the power of periodical voices in influencing public opinion, and having achieved marked success in publishing books in series, also likely contribute to his decision to begin a monthly magazine.  

     Although the Panic of 1857 is devastating the nation, Moses does not back down from launching his magazine.  Wise from years in the literary marketplace, he understands that people will be willing to spend some precious money each month on a periodical that has articles by their favorite authors.  

     Phillips is the one with the financial pull and marketing ability for the new magazine, now called The Atlantic Monthly. His contributors are paid based on the publicity value of their names. While some contributors, such as Ralph Waldo Emerson are against naming the authors involved with the magazine,  Moses uses the names for advertising.  He understands that the familiar names of the authors and the Phillips, Sampson & Company brand will generate excitement. Since people as far away from Boston as Hawaii and Australia are reading reviews of Phillips, Sampson & Company books in their newspapers, a wide audience is familiar with the firm's brand.  He utilizes all avenues at his disposal, including personal networks, newspaper advertisements, and broadsides, to advertise The Atlantic Monthly

  

    The first issue of The Atlantic Monthly launches on November first, and, as Moses has expected,the press takes notice.  One early review praises both the publishing firm and the new magazine:

  “Much capital and talent are invested in the enterprise, and the publishers are among the most competent to introduce and conduct such a work.  The present is the first number, and we must say that its articles are both intensely interesting and valuable.  The mechanical erection of this monthly is certainly as good as any we have ever seen, and the list of contributors engaged, both American and Foreign, is as prominent, and promises as much of an intellectual feast, as any array of names we have seen for a long time..."

              “The Atlantic Monthly,” Barnstable Patriot, December 1, 1857, p. 2 

     The Southern Literary Messenger, which has rescinded much of its earlier praise for the firm after Phillips, Sampson & Company has published antislavery works such as Stowe's Dred, does not have such positive things to say.  However, as word about The Atlantic Monthly spreads through both printed items and word of mouth, The periodical quickly becomes very popular.   Moses has made a wise investment, despite the financial panic which is wreaking havoc on so many of his readers and, therefore, the profits from his books.

 

William_Hickling_Prescott_by_Southworth_&_Hawes,_c1850-9-crop.jpg

William Hickling Prescott

     Prescott also continues to be quite understanding about his publisher’s financial peril.  In a Memorandum Concerning his Publishing Contract, Prescott writes:

December 11th, 1857.  Told Mr. Phillips that if these times continued I should be perfectly willing to do whatever was reasonable in regard to the guaranty of $4,000 a year on the sales of the old books.

 

I said I thought the 3d volume of “Philip” would be ready by June; and at all events had very little doubt that it would be ready by October.  But told him he must not understand this in a respect a promise on my part, as I  could never consent to be a bookseller’s hack

 

Moses Dresser Phillips to William Hickling Prescott, December 30, 1857.  Gardiner, ed. The Papers of William Hickling Prescott.  Footnote from Gardiner:  Initially WHP’s contract had called for $6000 annually from these titles.  He had already made a considerable concession to his publishers.

 

Later in the month, a grateful publisher responds to his author:

 

                                                      Tuesday, December 30, 1857

My Dear Sir,

Mr. Kirk handed me your very kind note of yesterday, but I was too much occupied to reply.  Pray be assured the delay was not because I did not at once feel this renewed act of great kindness and generosity.

It is true that my settlement of the late account was based wholly upon your figures as you say, and not that I have even now looked into the contract.  It is entirely sufficient for me that you interpret or state it to be so.

But now what shall I say to thank you for your generous surrender of so much that belongs to you?

I will tell you what I will say.  I will promise to try to make it good to you in my future efforts for the sale of your works.

I reminded you the other day of your voluntary alteration of the original contract and told you how many times I had told of it -- as illustrating your desire for exact justice, -- and with your leave I shall, as I may have occasion, relate these fresher circumstances also, as showing how careful you are that no interest of yours shall ever bear unpleasantly (though it be a contract) upon your publishers.

I said before and I now repeat that such has never in any single instance been my experience before.

And now in return for all of this I can promise but one poor return and that is that as in times past, so shall your interests in the future have my first -- highest and paramount consideration and exertions -- and if there is any world and money left, we will make a good return.

Tendering you the compliments of the Season, I am Very truly yours

                                                                  M. D. PHILLIPS

 

Moses Dresser Phillips to William Hickling Prescott, December 30, 1857.  Gardiner, ed. The Papers of William Hickling Prescott, 384-385

 

 The industrious Phillips is faced with a setback over which he has no control.  Although his conservative book publishing strategies during 1857 may have been motivated, in part, by a sense that the market was experiencing some difficulties, the extent of the crisis could not have been anticipated.  Phillips is hoping for an economic upswing, during which he can work to “make a good return” on the Prescott books, but relief does not come quickly.

 

 Moses Dresser Phillips to William Hickling Prescott,  June 12, 1858  Gardiner, ed.  The Papers of William Hickling Prescott: 391-392.

     Reprints of William Hickling Prescott’s Biographical and Critical Miscellanies and Conquest of Mexico are also on the market.  Despite the difficult financial climate of 1858, Moses Dresser attempts to fulfill at least part of his firm’s debt to his famous author by writing a check to his popular author.  In his June twelfth note, Moses thanks the historian for his patience:

 "For these repeated concessions and accommodations on your part, I have no parallel in my business relations, -- and the only poor promise I have in return for them is that if I live, it shall be my endeavor to show that your munificence has not been thrown away.

What I shall want afterwards I am sure I don’t know -- but I do want to live to show the world what can be done with that great Post Octavo scheme.  Leaving “Uncle Tom’s Cabin” out of the way, and then I shall beat the world in a three or five years stretch, -- i.e. in the number of volumes sold from one pen.

What my ambition will be afterwards I don’t know -- but that I have and that I shall do.

May you and I and the Atlantic Monthly all live to tell the world of it when it is done. Very truly yours

                                                                              M.D. Phillips"

 

 Moses Dresser Phillips to William Hickling Prescott,  June 12, 1858  Gardiner, ed.  The Papers of William Hickling Prescott: 391-392.

     Although in financial distress and apparently harboring concerns about his own health, since he is suffering with consumption, Moses Dresser Phillips remains optimistic that his firm will recover its financial success.  The prospect of launching the “great Post Octavo scheme” of issuing the historian’s books in duodecimo (12mo) format, the goal of surpassing the sales of the book he has been mistaken not to publish, and the notion of establishing a potent periodical voice serve to motivate the ambitious publisher’s will to live.

                                          Beacon Street, December 28, ‘58.

My dear Dr. Holmes,

I am truly obliged to you for the beautiful present you have sent me of the Autocrat.  The volume is got up in a style of the most perfect elegance and taste.  The dress is just what it should be for a work in which a sound philosophy and acute criticism are conveyed under the playful and popular garb of a literary lounger.

Phillips has officiated as your midwife as well as mine in bringing our literary bantlings into the world; and as he has just delivered my muse of another of her numerous progeny, I hope you will allow me to send it to you as a memento of our simultaneous appearance before the public.

With great regard believe me, my dear Dr. Holmes, Very sincerely yours                                                             Wm. H. Prescott

 

 William Hickling Prescott to Oliver Wendell Holmes, December 28, 1858 The Papers of William Hickling Prescott, ed. C.Harvey Gardiner (Urbana:  The University of Illinois Press, 1964), 395-396.

 

     Prescott’s discussion of his book’s “dress” indicates the important connection between external appearance and internal character for the author and many members of the Phillips, Sampson and Company audience.  Apparently, as late as 1858, many men, as well as women, agree with house author Lydia Sigourney that “the fine exterior of a book has the same bearing on its contents that graceful manners have upon character.”

Lydia H. Sigourney, Letters of Life (New York: D. Appleton, 1866),  337.

   

   Although some of the firm’s reputation and financial success is due to its attempts to promote quality products without bindings (which are bound in owner-designed covers at the top end of the market), the publishers also have to be careful to attend to the needs of all potential consumers, including that ever-enlarging segment that buys their books as bound by the publisher.

MDP.jpg

Moses Dresser Phillips

   

   After waging a brave battle against consumption and signing his last will and testament, Moses Dresser Phillips passes away at his Brookline Village home on August twentieth.  Once the word of his passing reaches the Boston book trade, Little, Brown and Company host a Monday afternoon public meeting in honor of Phillips.  Book trade members attending the meeting pass the following unanimous resolutions:

 

Whereas, we have learned with regret, of the death of our friend and co-laborer, Mr. Moses D. Phillips; therefore

Resolved, That we have always recognized in him the character of an honest, faithful man; that we cherish his memory with respect, and that in his death we have lost an intelligent and useful member of the trade.

Resolved, That we close our places of business during the funeral services.

 

Three colleagues also offer tributes:

 

     One says of him: ‘He became favorably known for his intelligence, excellent judgment, and executive abilities.  In comparatively a short time the firm gained a high reputation at home and abroad.  The deceased was much respected by the whole community, and was highly esteemed by a large circle of friends.’

     Another remarks:  ‘He was a man remarkable for his modesty, industry, honesty and nobleness of heart; was amiable, faithful and reliable.  Those who knew him well, agree that he had a genial spirit, a fund of ready anecdote, and great kindness of heart.’

     A third writes:  ‘After almost daily business transactions with Mr. Phillips and his firm, for about fifteen years, it is but truth and justice to say, that he always thoroughly understood what he wanted, gave his orders concisely, managed everything methodically, was always ready to assist in removing difficulties and smoothing the path, and never put obstacles in the way; was always courteous and agreeable, even when most pressed by his multitudinous engagements.  And during the whole period, no matter under howsoever trying circumstances (and no doubt they were often presented), he never lost his good temper or spoke to us an unkind word.  Amidst a multiplicity of calls in attending to so large a business, he was always attentive and social to the caller, and had a ready fund of anecdote, or story, or humor, to make pleasant the dreary path of daily toil and care.  He was to be envied while living, and his memory will be fondly cherished, we doubt not, by hundreds, if not thousands, of persons who had no kinsman’s claim, but who enjoyed the broad comprehensive and practical view he took of the subjects discussed with those whose daily walk brought them into his society.  As a business man he was a model.’

 Albert M. Phillips, comp., Phillips Genealogies (Auburn, Mass.: 1885), 91-92.

Although his exemplary character and important influence as a model have been given small notice in scholarly studies, the publisher’s contemporaries certainly appreciated and admired Moses Dresser Phillips as both man and publisher.

Moses's Highest And Lowest Moments