“I have no idea,” I said. “That’s what I’m trying to find out. Another thing I’m trying to find out is why, if you are Anstruther’s literary executor, did you offer the book to us? Any one of the big publishing houses would pay almost anything to get it. Conrad, Sherman can’t afford to give you any big advance. Tell me honestly, Walter, is there really an Anstruther book-and is your offer really genuine?”
“All right, Richard, I shall try to answer you. First of all, yes, there is a book. And secondly, yes, the offer is most assuredly genuine. I would like to have The Winding Road to the Hills by Charles Anstruther published under the imprint of Conrad, Sherman.”
“But why?” I said. “Why us?”
Walter lit a cigarette. “Let me see,” he said, “how to explain.” He let the smoke trickle out through his nostrils. “First, I suppose I must tell you that the term ‘literary executor’ is a bit of a euphemism. In actuality, I own Charles Anstruther’s book outright.”
“You own it?”
“That is correct. I bought all rights from Charles Anstruther a week or so before his tragic demise. Now, now, Richard, stop looking so skeptical. I didn’t murder Anstruther and steal his book. It is all perfectly correct. Not only legal but ethical as well. Anstruther was a friend of mine of long standing. He came to me with his new book and said-and I give you now only the essence of his thinking-that he needed a great deal of money immediately. We examined the situation together and we saw that if he allowed his book to go through normal channels, he would of course realize a tremendous amount of money. But first there would be delays. It would take perhaps five years to realize the full value of his property. And secondly, the tax situation being what it is, his profits would be considerably reduced. Now then, you can begin to grasp the problem. Anstruther needed a large sum of money at once. So I was able to make him see that it might be advisable to sell the book outright under what is known as a capital gains setup. In this way the taxes would be greatly reduced and he would get his money at once.”
I walked over to the liquor cabinet and poured myself another drink.
“Go on,” I said. “Let’s hear the rest of it.”
“He agreed, and I set about trying to find a purchaser. Anstruther wanted one hundred and fifty thousand dollars. This was just a bit more money than I could comfortably raise at the moment, so I investigated, made some discreet inquiries among my connections and found several people who might be interested in investing in so valuable a property as the new Charles Anstruther book. In short, Richard, a corporation was set up, capitalized at one hundred and fifty thousand dollars, and the purchase was made. You still look doubtful, Richard. I can show you the canceled check made out to Charles Anstruther. I can show you the contracts drawn up between Anstruther and me. I, as president of the corporation, signed all the documents. I assure you, Richard, that I have too much sense to become involved in any sort of nefarious dealings. I have too much to lose.”
I thought this over. In spite of everything, it sounded possible. Maybe it really was all right.
“O.K.,” I said. “But why do you want us to publish the book? Why not one of the big houses? You know as well as I do we’ve never tackled anything more complicated than a volume of Triple-Cross-O-Grams. We don’t have the distribution setup for a thing like this.”
“Now, Richard,” Walter said, “to get to the heart of the matter. The proposition that I would like to make with you is a very simple and very fair one. But it is a slightly unorthodox one. I don’t want you to get excited. Or begin screaming and throwing things about. I just want you to listen. And listen carefully.
“First, you must admit that under ordinary circumstances Conrad, Sherman could never hope to publish such an important and valuable book as this, for the good reason that you have neither the prestige to attract such a work nor the cash to pay for it.
“Second, if this book comes out under your imprint, it will bring tremendous prestige to your company. It undoubtedly will lure many other authors into the fold. It might well be the beginning of a new era for your firm. Textbooks and volumes of puzzles are all very well. But to be Charles Anstruther’s publisher, even posthumously, is quite a different matter.”
“You make it sound great, Walter,” I said. “Now where’s the catch? How much of an advance do you want? A piece of the company? What?”
“Richard, why are you so continually antagonistic? I don’t want an advance. I just want the use of your name. The use of your offices. The use of the normal facilities you have. Very simply I propose to give you the book to publish. I propose to pay all the advertising and exploitation costs. I propose to retain complete authority on such subsidiary rights as reprints, magazine serialization, foreign publication, television and motion picture rights. For your trouble, which, I may say, will be a good deal less than if you were publishing a new book of puzzles, I propose to offer you ten percent of all profits realized from printed matter. That is to say, reprints, twenty-five cent editions, translations, regular sales, book clubs, whatever. And five percent of any subsequent motion picture sales.”
It was coming at me so fast that I couldn’t function.
“In other words, Richard, I am asking you to front for my corporation.”
I tried to think clearly.
“None of the big publishers would give you a deal like that,” I said.
“Of course not,” Walter said. “That’s why I asked you. At no expense to yourself you are being cut in for ten percent of what may well amount to a million dollars in profits. Plus the tremendous prestige of publishing what will unquestionably be the most talked-of book of the year. Naturally, the terms of our agreement will be confidential. For all anyone on the outside can know, you are publishing the book in the normal way.
“As for me, I am eliminating a middleman, as it were. I, as president of my corporation, have a responsibility to my stockholders. I could, of course, eliminate you too. I could publish the book myself-form a subsidiary company, The Heinemann Press, perhaps. But that would only attract attention to myself. I would just as soon have the book published in as normal a fashion as possible. There is certainly nothing dishonest about this deal. As a matter of fact, it is done all the time. In reality, I am publishing the book and paying you a commission for certain services rendered. The use of your name, and so forth. The only thing is, Richard, I want the book for the late spring. So you must decide quickly.”
I was somewhat overwhelmed.
There was something wrong with the whole thing, but I couldn’t figure out what it was. The only thing I could think of to ask was, “Where does Max Shriber figure in this?”
“Max,” Walter said, “Max is one of my stockholders. Or partners, if you prefer.”
“Who else has a piece of this book?”
“That, Richard, I am afraid I am not at liberty to divulge. Not until you have agreed to take the book. Once the papers are signed and you too are a partner, then everything will be open and aboveboard.”
I was trying to think. I walked into the bathroom and washed my face with cold water.
I came back in again.
“All right,” I said. “You want fast action. When can you give me a copy of the manuscript?”
“Oh, dear, no,” Walter said. “I haven’t made myself clear. No one, Richard, but no one can see the book until all papers are signed.”
“If everything is so on the up and up,” I said, “if this whole thing is so honest, how come you’re getting fancy now? If I’m going to publish the book I’ve certainly got a right to see it.”
“I agree,” Walter said. “But as yet, you haven’t agreed to publish the book.”
“How can I agree till I read it?”
“My dear boy, you are talking about the novel that Charles Anstruther spent the last six years of his life writing. If you read it and didn’t like it, you would still be compelled to publish it. Anyone would. After all, the man won a Nobel Prize.”
“If you can give me a good reason why I can’t see it now, all right,” I said. “But it has to be good.”
“I can give you two excellent reasons,” Walter said. “One, it is part of my overall promotion strategy that absolutely no one is to see the book. This will create interest in it. And it will prevent loss of impact. Many publishers make the great mistake of allowing hundreds of advance copies of a new book to drift around before publication. They dispel a great deal of excitement that way. To show you that this strategy is paying off, I have had two firm offers from movie companies, sight unseen.”
“O.K.,” I said. “I can see why you don’t want a lot of people reading it. But I’m not a lot of people. I’m going to publish it.”
“The second reason is even simpler,” Walter said. “The Winding Road to the Hills by Charles Anstruther is really a very bad book.”
