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Every book that is published requires advertising though perhaps no two books call for advertising in just the same way. One of the best American publishing houses figures certain sums for advertising—whatever form it may take—in its costs of manufacture and then the individual volumes have to take each their chances of getting, each, its proper share of the money. Other houses have similar unsatisfactory devices for providing an advertising fund. The result is too often not unlike the revolving fund with which American railways were furnished by Congress—it revolved so fast that there wasn’t enough to go round long.
A very big publishing house does differently. To the cost of manufacture of each book is added a specific, flat and appropriate sum of money to advertise that particular book. The price of the book is fixed accordingly. When the book is published there is a definite sum ready to advertise it. No book goes unadvertised. If the book “catches on” there is no trouble, naturally, about more advertising money; if it does not sell the advertising of it stops when the money set aside has been exhausted and the publishers take their loss with a clear conscience; they have done their duty by the book. It may be added that this policy has always paid. Combined with other distinctive methods it has put the house which adopted it in the front rank.