In 1884 the publishing firm of C.L. Webster and Company was organized to publish the works of Mark Twain. Of this firm Mark Twain was president; but he took little active part in the management of its affairs. Able to conceive in broad outlines successful policies, he was singularly deficient in the power to handle the details of their execution. On April 18, 1894, the firm whose business enterprises had always figured in large sums through the immense popularity of the author-publisher's own works, the Memoirs of General Grant, and the Life of Pope Leo, made an assignment for the benefit of its creditors. The bankrupt firm acknowledged liabilities approximating $80,000. What in the ordinary view of commercial affairs would have furnished but one item in the list of failures which record the misfortunes of ninety per cent who engage in business, became in this instance a notable case through the eminence of the chief actor.
What might he have done?
The law could lay claim upon his personal assets. To surrender these possessions proved no act of self-sacrifice, considering his wife's fortune, upon which the law had no claim. His wife, however, joined him in the act of renunciation, and they stood together penniless. Beyond this point there could be no legal, and, to many minds, no moral responsibility for the debts of his firm. One can speculate upon the force of the temptation to take advantage of the position. Mark Twain was sixty years old, and ill at that. Having sacrificed all he possessed to meet the demands of his creditors, he might justly claim the benefit of what remained of capacity for wealth-producing labor. His own words in reply to a slander which insinuated that he had set to work again for his own benefit are splendid for inspiration and honesty:
"The law recognizes no mortgage on a man's brain, and a merchant who has given up all he has may take advantage of the laws of insolvency, and start free again for himself; but I am not a business man, and honor is a harder master than the law. It cannot compromise for less than a hundred cents on the dollar."
... The great parallel case to the one here under examination is that of Sir Walter Scott, who lost his all through the failure of his printers, the Ballantynes, and between January, 1826, and January, 1828, earned for his creditors nearly £40,000. In the early stages of this trial he suffered acutely from the attitude of his friends, and he records in his diary how some would smile as if to say: "Think nothing about it, my lad; it is quite out of our thoughts;" how others adopted an affected gravity "such as one sees and despises at a funeral," while the best bred "just shook hands and went on."
How the world treated Mark Twain we learn from the speech at the banquet given by the Lotus Club on his return from his arduous journey around the world: "There were ninety-six creditors in all, and not by a finger's weight did ninety-five out of the ninety-six add to the burden of that time."
"'Don't you worry, and don't you hurry,' was what they said." With the courage of a man buffeted, but not beaten, he gathered himself up for "one more last try for fortune and fair fame." In the latter part of 1895 he started out on a tour of the English-speaking countries of the world to give lectures and readings from his own works.
There were misgivings, of course, as to the success of the venture. Here was a field not absolutely untried, but not hitherto cultivated to the point of assured success. In 1873 he had made a lecture tour in England and in 1885 had given platform readings in company with George W. Cable. But age had sapped the zest for public appearance, and he was skeptical of his power to move people with interest in his books. Moreover, there was a further thing to be considered, a possible impediment to success among the English colonies which he proposed to visit. His popularity with Englishmen had never been great, owing to the liberties he had taken with that nation's people in Innocents Abroad.
The latter apprehension was the more remote, however, for, starting from New York, he had a continent to traverse before embarking for the shores that held for him an uncertain welcome. To test his ability to interest an audience, to "try it on the dog," as they say in theatrical parlance, he subjected himself to the severest test possible, crossed to Randall's Island and read before a company of boys. Unsophisticated by the lecturer's reputation as a humorist, the boys proved to be the organs of sincerest testimony to the permanence of the old power to amuse, and the first public appearance in Cleveland, Ohio, was undertaken with fewer misgivings.
From Vancouver, Mark Twain sailed for Sidney and gave readings before the English-speaking communities of Australia; then continued on to Tasmania, New Zealand, Ceylon, India and South Africa.