LITMIR.BIZ

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of the new member's hostility were too serious for him to say as Washington was in the habit of saying when he had a bad cold: "Let it go as it came." He knew that the malice was as shallow as the good will; and the alternatives were resentment, sycophancy, or a little subtlety. Under the circumstances, Franklin would not have been Franklin, if he had not elected subtlety.

      Nothing was now wanting to the full development of his business career except the repetition in other communities of the success that had crowned his personal exertions in Pennsylvania. Referring to the state of his business at this time, he says in the Autobiography;

      My business was now continually augmenting, and my circumstances growing daily easier, my newspaper having become very profitable, as being for a time almost the only one in this and the neighboring provinces. I experienced, too, the truth of the observation, "that after getting the first hundred pound, it is more easy to get the second," money itself being of a prolific nature.

      The outcome of it all was that, in the year 1748, at the age of forty-two, he flattered himself, to repeat his own language, that, by the sufficient, though moderate, fortune which he had acquired, he had secured leisure during the rest of his life for philosophical studies and amusements.

      The plan that he formed for securing this leisure, which he turned to such fruitful, purposes, was marked by his usual good judgment. In 1744, he had taken into his employment David Hall, a Scotch journeyman, and a friend of Strahan. He now admitted Hall to partnership with him. "A very able, industrious, and honest partner, Mr. David Hall, with whose character I was well acquainted, as he had work'd for me for four years," are the terms in which he speaks of Hall in the Autobiography. "He took off my hands," he continues, "all care of the printing-office, paying me punctually my share of the profits. The partnership continued eighteen years, successfully for us both." Under the provisions of the partnership agreement, Hall was to carry on the printing and publishing business of Franklin in his own way, but in the firm name of Franklin and Hall, and Hall was to pay to Franklin a thousand pounds a year for eighteen years; at the end of which period Hall was to become the sole proprietor of the business.9 Exactly what income Franklin was deriving from his printing and publishing business at the time that this agreement was entered into is not known, but reasonable conjecture has placed it at something like two thousand pounds a year. At that time he was also the owner of a considerable amount of property, representing invested returns from his business in the past. The Gazette continued to be published until the year 1821. When the term of eighteen years, during which the partnership was to last, expired in 1766, the profits had been over twelve thousand pounds, Pennsylvania currency, from subscriptions, and over four thousand pounds, Pennsylvania currency, from advertisements. Judged by the standards of the time and place, it was an extraordinary degree of success which had enabled Franklin in some twenty years to establish so lucrative a business as that which he handed over to the management of Hall in 1748, and few indeed have been the men in mercantile history, who have been willing, after so long a period of prosperous addiction to gain, to turn away to purely intellectual and unremunerative pursuits from such a prospect of increasing self-enrichment as that renounced by Franklin when he wrote to Cadwallader Colden that he, too, was taking the proper measures for obtaining leisure to enjoy life and his friends more than in the past; having put his printing-house under the care of his partner, David Hall, absolutely left off book-selling, and removed to a more quiet part of the town, where he was settling his old accounts, and hoped soon to be quite master of his own time, and no longer, as the song had it, at everyone's call but his own. Nobody knew better than he that, if, after getting the first hundred pounds, it is easier to get the second, it is still easier, after getting the second hundred pounds, to get the third.

      For Hall, Franklin entertained uninterrupted feelings of respect and affection, down to the date of the former's death on December 17, 1772. "My Love to Mr. Hall," is one of his messages to Deborah some seven years after the firm of Franklin and Hall was created. Before that he had written to Strahan, "Our friend, Mr. Hall, is well, and manages perfectly to my satisfaction." Many years after the death of Hall, the account between Franklin and him had not been wholly settled, and a letter from the former to Strahan in the year 1785 tells him that Hall and himself had not been of the same mind as to "the value of a copyright in an established newspaper, of each of which from eight to ten thousand were printed," but "were to be determined" by Strahan's opinion. "My long absence from that country, and immense employment the little time I was there," Franklin wrote, "have hitherto prevented the settlement of all the accounts that had been between us; though we never differed about them, and never should if that good honest man had continued in being."

      Franklin's failure to forecast the stubborn hostility of the Colonies to the Stamp Act not only cost him some personal popularity but it caused his firm some pecuniary loss. Anticipating with his usual shrewdness the passage of that Act, which imposed a tax of a sterling half-penny on every half-sheet of a newspaper, however small, he sent over to Hall one hundred reams of large half-sheet paper, but permission could not be obtained to have it stamped in America, and it was all reshipped to England at a loss.

      As to the Paper sent over [he wrote to Hall] I did it for the best, having at that time Expectations given me that we might have had it stampt there; in which case you would have had great Advantage of the other Printers, since if they were not provided with such Paper, they must have either printed but a half sheet common Demi, or paid for two Stamps on each Sheet. The Plan was afterward alter'd notwithstanding all I could do, it being alledged that Scotland & every Colony would expect the same Indulgence if it was granted to us. The Papers must not be sent back again: But I hope you will excuse what I did in Good will, tho' it happen'd wrong.

      After the retirement of Franklin from active business, he still continued to hold his office as Postmaster at Philadelphia, and, while holding it, he was employed by the Deputy Postmaster-General for America as his comptroller to examine and audit the accounts of several of his subordinate officers. Upon the death of the Deputy Postmaster-General, he was appointed his successor, jointly with William Hunter, of Virginia, by the British Postmasters-General. When the pair were appointed, the office had never earned any net revenue for the British Crown. Under the terms of their appointment, they were to have six hundred pounds a year between them, if they could make that sum out of its profits, and, when they entered upon it, so many improvements had to be effected by them that, in the first four years, it ran into debt to them to the extent of upwards of nine hundred pounds; but, under the skilful management of Franklin, it became remunerative, and, before he was removed by the British Government, after his arraignment before the Privy Council, it had been brought to yield three times as much clear revenue to the Crown as the Irish Post-office. "Since that imprudent transaction," Franklin observes in the Autobiography, "they have receiv'd from it – not one farthing!"

      On August 10, 1761, eight years after the appointment of Franklin and Hunter, and a few weeks before Foxcroft succeeded Hunter, there was a net balance of four hundred and ninety-four pounds four shillings and eight pence due by the American Post-office to the British Crown; which was duly remitted. "And this," exclaims the astonished official record of the fact in England, "is the first remittance ever made of the kind." Between August 10, 1761, and the beginning of 1764, the net profits of the American Post-office amounted to two thousand and seventy pounds twelve shillings and three and one quarter pence, and drew from the British Postmasters-General the statement, "The Posts in America are under the management of persons of acknowledged ability." With this record of administrative success, it is not surprising that, when Franklin was removed from office, he should have written to Thomas Cushing these bitter words:

      I received a written notice from the Secretary of the general post-office, that His Majesty's postmaster-general found it necessary to dismiss me from my office of deputy postmaster-general in North America. The expression was well chosen, for in truth they were under a necessity of doing it; it was not their own inclination; they had no fault to find with my conduct in the office; they knew my merit in it, and that, if it was now an office of value, it had become such chiefly through my care and good management; that it was worth nothing, when given to me; it would not then pay the salary allowed me, and, unless it did, I was not to expect it; and that it now produces near three thousand pounds a year clear to the treasury here. They had beside a personal regard

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