I

In July, 1899, the publishing community learned that financial difficulties were seriously embarrassing the great house of Harper. For nearly a century this establishment had maintained a position almost of preëminence among American publishers. Three generations of Harpers had successively presided over its destinies; its magazines and books had become almost a household necessity in all parts of the United States, and its authors included many of the names most celebrated in American letters. The average American could no more associate the idea of bankruptcy with this great business than with the federal Treasury itself. Yet this incredible disaster had virtually taken place. At this time the public knew nothing of the impending ruin; the fact was, however, that, in July, 1899, the banking house of J.P. Morgan & Company practically controlled this property. This was the situation which again called Page to New York.

In the preceding year Mr. S.S. McClure, whose recent success as editor and publisher had been little less than a sensation, had joined forces with Mr. Frank N. Doubleday, and organized the new firm of Doubleday & McClure. This business was making rapid progress; and that it would soon become one of the leading American publishing houses was already apparent. It was perhaps not unnatural, therefore, that Mr. J. Pierpont Morgan, scanning the horizon for the men who might rescue the Harper concern from approaching disaster, should have had his attention drawn to Mr. McClure and Mr. Doubleday. "The failure of Harper & Brothers," Mr. Morgan said in a published statement, "would be a national calamity." One morning, therefore, a member of the Harper firm called upon Mr. McClure. Without the slightest hesitation he unfolded the Harper situation to his astonished contemporary. The solution proposed was more astonishing still. This was that Mr. Doubleday and Mr. McClure should amalgamate their young and vigorous business with the Harper enterprise and become the active managers of the new corporation. Both Mr. McClure and Mr. Doubleday were comparatively young men, and the magnitude of the proposed undertaking at first rather staggered them. It was as though a small independent steel maker should suddenly be invited to take over the United States Steel Corporation. Mr. McClure, characteristically impetuous and daring, wished to accept the invitation outright; Mr. Doubleday, however, suggested a period of probation. The outcome was that the two men offered to take charge of Harper & Brothers for a few months, and then decide whether they wished to make the association a permanent one. One thing was immediately apparent; Messrs. Doubleday and McClure, able as they were, would need the help of the best talent available in the work that lay ahead. The first man to whom they turned was Page, who presently left Boston and took up his business abode at Franklin Square. The rumble of the elevated road was somewhat distracting after the four quiet years in Park Street, but the new daily routine was not lacking in interest. The Harper experiment, however, did not end as Mr. Morgan had hoped. After a few months Messrs. Doubleday, Page and McClure withdrew, and left the work of rescue to be performed by Mr. George Harvey, who, curiously enough, succeeded Page, twenty-one years afterward, in an even more important post—that of ambassador to the Court of St. James's. The one important outcome of the Harper episode, so far as Page was concerned, was the forming of a close business and personal association with Mr. Frank N. Doubleday. As soon as the two men definitely decided not to assume the Harper responsibility, therefore, they joined forces and founded the firm of Doubleday, Page & Company. Page now had the opportunity which he had long wished for; the mere editing of magazines, even magazines of such an eminent character as the Forum and the Atlantic Monthly, could hardly satisfy his ambition; he yearned to possess something which he could call his own, at least in part.

The life of an editor has its unsatisfactory aspect, unless the editor himself has an influential ownership in his periodical. Page now found his opportunity to establish a monthly magazine which he could regard as his own in both senses. He was its untrammelled editor, and also, in part, its proprietor. All editors and writers will sympathize with the ideas expressed in a letter written about this time to Page's friend, Mr. William Roscoe Thayer, already distinguished as the historian of Italian unity and afterward to win fame as the biographer of Cavour and John Hay. When the first number of the World's Work appeared Mr. Thayer wrote, expressing a slight disappointment that its leading tendency was journalistic rather than literary and intellectual. "When you edited the Forum," wrote Mr. Thayer, "I perceived that no such talent for editing had been seen in America before, and when, a little later, you rejuvenated the Atlantic, making it for a couple of years the best periodical printed in English, I felt that you had a great mission before you as evoker and editor of the best literary work and weightiest thought on important topics of our foremost men." He had hoped to see a magnified Atlantic, and the new publication, splendid as it was, seemed to be of rather more popular character than the publications with which Page had previously been associated. Page met this challenge in his usual hearty fashion.

To William Roscoe Thayer
34 Union Square East, New York,
December 5, 1900.

My Dear Thayer:

The World's Work has brought me nothing so good as your letter of yesterday. When Mrs. Page read it, she shouted "Now that's it!" For "it" read "truth," and you will have her meaning and mine. My thanks you may be sure you have, in great and earnest abundance.

You surprise me in two ways—(1) that you think as well of the magazine as you do. If it have half the force and earnestness that you say it has, how happy I shall be, for then it will surely bring something to pass. The other way in which you surprise me is by the flattering things that you say about my conduct of the Atlantic. Alas! it was not what you in your kind way say—no, no.

Of course the World's Work is not yet by any means what I hope to make it. But it has this incalculable advantage (to me) over every other magazine in existence: it is mine (mine and my partners', i.e., partly mine), and I shall not work to build up a good piece of machinery and then be turned out to graze as an old horse is. This of course, is selfish and personal—not wholly selfish either, I think. I threw down the Atlantic for this reason: (Consider the history of its editors) Lowell[5] complained bitterly that he was never rewarded properly for the time and work he did; Fields was (in a way) one of its owners; it was sold out from under Howells, etc., etc. I might (probably should) have been at the mercy completely of owners some day who would have dismissed me for a younger man. Nearly all hired editors suffer this fate. My good friends in Boston were sincere in thinking that my day of doom would never come; but they didn't offer me any guarantee—part ownership, for instance; and the years go swiftly. I could afford, of my own volition, to leave the Atlantic. I couldn't afford to take permanently the risks that a hired editor must take. Nor should I ever again have turned my hand to such a task except on a magazine of my own. I should have sought other employment. There are many easier and better and more influential things to do—yet; ten years hence I might have been too old. Harry Houghton[6] has an old horse thirty years old. I used to see him grazing sometimes and hear his master's self-congratulatory explanation of his own kindness to that faithful beast. In the office of Houghton, Mifflin & Company there is an old man whom I used to see every day—pensioned, grazing. Then I would go home and see four bright children. Three of them are now away from home at school; and the four cost a pretty penny to educate. My income had been the same for ten years-or very nearly the same. If I was a "magic" editor, I confess I didn't see the magic; and there is no power under Heaven or in it that can prove to me that I ought to keep on making magazines as a hired man—without the common security of permanent service for lack of which nearly all my predecessors lost their chance.

But this is not all, nor half. A man ought to express himself, ought to live his own life, say his own little say, before silence comes. The "say" may be bad—a mere yawp, and silence might be more becoming. But the same argument would make a man dissatisfied with his own nose if it happened to be ugly. It's his nose, and he must content himself. So it's his yawp and he must let it go.