George D. Smith, Speculator in Literary Property
A new type of bookseller has developed since books and literary property have become commercial and subject to corners created by shrewd buyers and holders, and to fluctuations caused by selling en masse. Mr. George D. Smith, the king of rare books and great dealer in literary property, operates on the largest scale.
Mr. Smith buys carloads of books for millions of dollars and sells again by the carload to millionaires who build palaces in California and who order their libraries complete. Mr. Smith is the leading figure in our auction houses where he buys, excluding all competition, by paying an exorbitant price for anything he desires to possess. He is a millionaire and the chief counsellor of our nouveaux riches when they furnish their homes with rare autographs and valuable books.
Mr. Cadigan of Brentano’s
After you have passed the stairway in Brentano’s leading to the basement and properly admired the framed autographs and signed portraits which cover the walls, you will pass the gate that leads into the kingdom of Mr. Cadigan, another dealer in literary property but of quite a different type. Mr. Cadigan is the head of Brentano’s periodical department. He knows the development of the American magazine better than anybody else living. For a score of years he has watched successes and failures, but nearest to his heart are the magazines of those men who have had the courage to stand up for their own ideas and their own conception of the world.
Some of the most pathetic figures in American letters have founded magazines of their own; they would not follow the example of their contemporaries or submit to the wishes of their publishers and to the presumed desires of the reading public. Mr. Cadigan knows them all. He recommends them if he thinks them commendable. While the gigantic trusts of our American news companies afford them very little or no chances for circulation, Mr. Cadigan adopts them and presents them for sale on his tables next to the full-fledged products of the capitalistic press.
I get more satisfaction and pleasure out of Brentano’s basement devoted to periodicals than out of all the periodical reading rooms of all our public libraries combined, with the Carnegie institutions thrown in. To be able to look over the current issues of magazines and to take home just the interesting ones carries with it an intimate satisfaction.
1917