hundred copies would have been an edition much too small to justify the engraving of its text of seventeen pages. We must accept this as the reason why printing was so sparingly used by the early book-makers. They did not engrave blocks and print books, because there were not enough book-buyers to warrant the expense. This feature of printing — its entire dependence upon a very large number of book-buyers — may require a more extended explanation.
The small prices for which all popular modern books and newspapers are sold lead many into the error that printing is, necessarily and under all circumstances, a much cheaper method of making books than that of writing. As compared with writing, presswork, or the operation of impressing the types on the sheet, is much the quicker and cheaper process; but presswork is not the main branch of the art of printing. Before one impression can be taken, or one copy be made, types must be composed or blocks engraved at very great expense. The composition and stereotyping of the pages of an ordinary duodecimo book may be worth six hundred dollars. On an edition of ten copies the cost of such a book would be, for making plates only, sixty dollars per copy. If there were but one hundred copies, the expense of the plates would be six dollars per copy. Under these conditions few books would be published. But if an edition of one thousand copies should be printed, the cost of the plates would be only sixty cents a copy. In this instance, printing would be much cheaper than writing, but this reduced rate would not necessarily justify the expenses of printing. The risk of sale must be hazarded. No publisher would undertake at his own risk to print even one thousand copies, — much less a smaller number, — if he did not fully believe that the edition could be promptly sold. But the early book-maker did not have this confident belief in large and speedy sale. There were, comparatively, few book-buyers, and the publication of a book by the method of engraving and printing must have seemed very hazardous speculation.
