The reader may have realized that by the beginning of 1891 Mark Twain's finances were in a critical condition. The publishing business had managed to weather along. It was still profitable, and could have been made much more so if the capital necessary to its growth had not been continuously and relentlessly absorbed by that gigantic vampire of inventions—that remorseless Frankenstein monster—the machine.
The beginning of this vast tragedy (for it was no less than that) dated as far back as 1880, when Clemens one day had taken a minor and purely speculative interest in patent rights, which was to do away with setting type by hand. In some memoranda which he made more than ten years later, when the catastrophe was still a little longer postponed, he gave some account of the matter.
This episode has now spread itself over more than one-fifth of my
life, a considerable stretch of time, as I am now 55 years old.
Ten or eleven years ago Dwight Buell, a jeweler, called at our house
and was shown up to the billiard-room-which was my study; and the
game got more study than the other sciences. He wanted me to take
some stock in a type-setting machine. He said it was at the Colt's
Arms factory, and was about finished. I took $2,000 of the stock.
I was always taking little chances like that, and almost always
losing by it, too. Some time afterward I was invited to go down to
the factory and see the machine. I went, promising myself nothing,
for I knew all about type-setting by practical experience, and held
the settled and solidified opinion that a successful type-setting
machine was an impossibility, for the reason that a machine cannot
be made to think, and the thing that sets movable type must think or
retire defeated. So, the performance I witnessed did most
thoroughly amaze me. Here was a machine that was really setting
type, and doing it with swiftness and accuracy, too. Moreover, it
was distributing its case at the same time. The distribution was
automatic; the machine fed itself from a galley of dead matter and
without human help or suggestion, for it began its work of its own
accord when the type channels needed filling, and stopped of its own
accord when they were full enough. The machine was almost a
complete compositor; it lacked but one feature—it did not “justify”
the lines. This was done by the operator's assistant.
I saw the operator set at the rate of 3,000 ems an hour, which,
counting distribution, was but little short of four casemen's work.
William Hamersley was there. He said he was already a considerable
owner, and was going to take as much more of the stock as he could
afford. Wherefore, I set down my name for an additional $3,000. It
is here that the music begins.
It was the so-called Farnham machine that he saw, invented by James W. Paige, and if they had placed it on the market then, without waiting for the inventor to devise improvements, the story might have been a different one. But Paige was never content short of absolute perfection—a machine that was not only partly human, but entirely so. Clemens' used to say later that the Paige type-setter would do everything that a human being could do except drink and swear and go on a strike. He might properly have omitted the last item, but of that later. Paige was a small, bright-eyed, alert, smartly dressed man, with a crystal-clear mind, but a dreamer and a visionary. Clemens says of him: “He is a poet; a most great and genuine poet, whose sublime creations are written in steel.”
It is easy to see now that Mark Twain and Paige did not make a good business combination. When Paige declared that, wonderful as the machine was, he could do vastly greater things with it, make it worth many more and much larger fortunes by adding this attachment and that, Clemens was just the man to enter into his dreams and to furnish the money to realize them. Paige did not require much money at first, and on the capital already invested he tinkered along with his improvements for something like four or five years; Hamersley and Clemens meantime capitalizing the company and getting ready to place the perfected invention on the market. By the time the Grant episode had ended Clemens had no reason to believe but that incalculable wealth lay just ahead, when the newspapers should be apprised of the fact that their types were no longer to be set by hand. Several contracts had been made with Paige, and several new attachments had been added to the machine. It seemed to require only one thing more, the justifier, which would save the labor of the extra man. Paige could be satisfied with nothing short of that, even though the extra man's wage was unimportant. He must have his machine do it all, and meantime five precious years had slipped away. Clemens, in his memoranda, says:
End of 1885. Paige arrives at my house unheralded. I had seen
little or nothing of him for a year or two. He said:
“What will you complete the machine for?”
“What will it cost?”
“Twenty thousand dollars; certainly not over $30,000.”
“What will you give?”
“I'll give you half.”
Clemens was “flush” at this time. His reading tour with Cable, the great sale of Huck Finn, the prospect of the Grant book, were rosy realities. He said:
“I'll do it, but the limit must be $30,000.”
They agreed to allow Hamersley a tenth interest for the money he had already invested and for legal advice.
Hamersley consented readily enough, and when in February, 1886, the new contract was drawn they believed themselves heir to the millions of the Fourth Estate.