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Hutton, Richard Holt, 1826-1897

"Sir Walter Scott (English Men of Letters Series)"

_, while James
Ballantyne became his surety for 500_l._ more, and both these sums had
to be paid by Sir Walter after Terry's failure in 1828. Such
obligations as these, however, would have been nothing when compared
with Sir Walter's means, had all his bills on Constable been duly
honoured, and had not the printing firm of Ballantyne and Co. been so
deeply involved with Constable's house that it necessarily became
insolvent when he stopped. Taken altogether, I believe that Sir Walter
earned during his own lifetime at least 140,000_l._ by his literary
work alone, probably more; while even on his land and building
combined he did not apparently spend more than half that sum. Then he
had a certain income, about 1000_l._ a year, from his own and Lady
Scott's private property, as well as 1300_l._ a year as Clerk of
Session, and 300_l._ more as Sheriff of Selkirk. Thus even his loss of
the price of several novels by Constable's failure would not seriously
have compromised Scott's position, but for his share in the
printing-house which fell with Constable, and the obligations of which
amounted to 117,000_l.


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