what would they sell it for? Would any one of them, from President downwards, refuse ten thousand a year in place of all the consideration he received from the world on account of his success?
Yet consideration had value, and at that time Adams enjoyed lecturing Augustus St. Gaudens, in hours of depression, on its economics:—"Honestly you must admit that even if you don't pay your expenses you get a certain amount of advantage from doing the best work. Very likely some of the really successful Americans would be willing you should come to dinner sometimes, if you did not come too often, while they would think twice about Hay, and would never stand me."The forgotten statesman had no value at all; the General and Admiral not much; the historian but little; on the whole the artist stood best, and of course, wealth rested outside the question, since it was acting as judge; but, in the last resort, the judge certainly admitted that consideration had some value as an asset, though hardly as much as ten—or five—thousand a year.
Hay and Adams had the advantage of looking out of their windows on the antiquities of La Fayette Square, with the sense of having all that anyone had; all that the world had to offer; all that they wanted in life, including their names on scores of title-pages and in one or two Biographical Dictionaries; but this had nothing to do with consideration, and they knew no more than Boutwell or St. Gaudens whether to call it success. Hay had passed ten years in writing the Life of Lincoln, and perhaps President Lincoln was the better for it, but what Hay got from it was not so easy to see, except the privilege of seeing popular book makers steal from his book and cover the theft by abusing the author. Adams had given ten—or a dozen years to Jefferson and Madison, with expenses which, in any mercantile business, could hardly have been reckoned at less than a hundred thousand dollars, on a salary of five—thousand a year; and when he asked what return he got from this expenditure, rather more extravagant in proportion to his means than a racing-stable, he could see none whatever. Such works never return money. Even Frank Parkman never printed a first edition of his relatively cheap and popular volumes, numbering more than seven hundred copies, until quite at the end of his life. A thousand copies of a book that cost twenty dollars or more was as much as any author
