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NOTES ON CATALOUGES. THE BROOKLYN YOUNG MEN'S CHRISTIAN ASSOCIATION, 502 Fulton St., Brooklyn, N. Y., has just issued a useful little catalogue, entitled Good Books, and how to use them," compiled by its librarian, Silas H. Berry. A full list of books classified under practical headings is prefaced with a clear explanation as to the Card Catalogue of the library-how arranged, how it may be used, its advantages, etc., and information as to other aids, viz.: the Classed Finding List, the Case for Attractive Books, the Bulletin, Catalogues of other Libraries, and Poole's "Index to Periodical Literature;" Some Remarks on the Use of the Reference Library, and How We Classify. The handbook will prove useful to all interested in providing good literature for others as well as to patrons of the Brooklyn Y. M. C. A. Library. (96 p., T. pap.)

Catalogues of New and Second-hand Books.H. L. Kilner & Co., Io3 S. rith St., Phila., Standard Prayer-Books, Catholic Works, and Religious Articles. (24 p., D.) David Nutt, 270 Strand, W. C., London, Works on the history of wars, military science, maps, etc., chiefly from the library of the late Duke of Cambridge and that of a retired head-master of a military college. (No. 14, 16 p., D.)

JOURNALISTIC NOTES.

THE Publication Agency of the Johns Hopkins University has just begun the publication of a monthly journal to be known as the Hospital Bulletin. It will contain announcements of courses

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$1.40....
........F. A. Davis
Young America's painting-book. Haslewood, C. p. 50c.
Warne

folks worth knowing. (O19) sq. O. bds. $1...Lothrop Yours and mine. Warner, A. B. $1.50 .......Carter Zigzag journeys in the British Isles. Butterworth, H. $2.25: bds. $1.75.... ...... Estes & L Zola, E. The dream. (05) D. (Globe lib., no 83.) p. 25C. Rand, McN

of lectures, programmes of clinical and pathological study, details of hospital and dispensary practice, abstracts of papers read and other proceedings of the Medical Society of the Hospital, reports of lectures, and all other matters of general interest in connection with the work of the Hospital. Subscription price is $1 per year.

Le Livre at the end of this year will discontinue in its present shape and be published by Octave Uzanne, who will carry it on as a small octavo magazine of contemporary literature and bibliography.

AUCTION SALES.

[We shall be pleased to insert under this heading, without charge, advance notices of auction sales to be held anywhere in the United States. Word must reach us before Wednesday evening, to be in time for issue of same week. NOVEMBER 4-5, 3 P.M.-Fine old out-of-the-way books in all departments of literature. (660 lots.)-M. Thomas &Sons, Phila.

NOVEMBER II AND 12.-General literature and illustrated books, first editions, and hosts of other books that have not been sold in this country for many years. (Catalogue preparing).-M. Thomas & Sons, Phila. NOVEMBER 18.-Sale of miscellaneous books. (Catalogue preparing).-M. Thomas & Sons, Phila. NOVEMBER 25.-Sale of the rare medical library of Dr. Addinel Hewson of Phila., consisting almost entirely of rare medical books.-M. Thomas & Sons, Phila. NOVEMBER 26, and following days.-The second part of the theological and philosophical works from the libraries of the late Prof. L. W. E. Ramoenhoff and other eminent theologians.-E. J. Brill, Leyden, Holland. JANUARY 20. 1890, and following days.-S. L. Barlow collection of Rare Books sold by Am. Art Association, N. Y., under the management of J. O. Wright, of 860 Broadway, who is preparing the catalogue.

The Publishers' Weekly.

FOUNDED BY F. LEYPOLDT.

NOVEMBER 2, 1889,

“Every man is a debtor to his profession, from the which, as men do of course seek to receive countenance and profit, so ought they of duty to endeavor themselves by way of amends to be a help thereunto."-LORD BACON.

THE ETHICS OF "COMPROMISE." THERE is a feeling which does credit to humankind—that it is a mean thing "to hit a man when he is down." In creditors' meetings this wholesome sentiment often comes to the front and leads men who have condemned the business methods of the bankrupt to "let him up easy" and "give him another chance." This would be right and proper and wise, when a man who has been a creditable member of society, a reputable business man, prudent, industrious, painstaking, has made mistakes, has been unfortunate, and is likely to do better if that other chance is given. But when bankruptcy is the inevitable or invited result of recklessness, of bad method, of playing fast-andloose with business principles, leniency is wrong and improper and unwise. Why? Because it gives to "the forgotten man," the one who is trying by hard work to pay his honest debts at a hundred cents on the dollar, a slap in the face, and exposes him to a competition which, in these days of close profit and difficult business, no man can stand.

We do not hesitate to name two recent failures as examples of this latter class. We print elsewhere a letter from a country bookseller, who has sent his name to us as voucher for his statement, though not for publication, stating the methods of Messrs. Belford, Clarke & Co., as he has seen them, in competition with his hard and honest work. This firm has from time to time issued jaunty statements as to its bankruptcy, some of which have been at least very misleading; no explanation of its affairs has been made to its creditors in any proper manner, and the result which creditors are now facing is one which has been predicted time and time again through the career of this firm. Many in the trade will recall the failure a year or more ago of Geo. J. Swayne, of Brooklyn. Shortly before his failure he had made a preference, covering practically his entire assets, to a relative, who made in the creditors' meeting an extremely candid statement of facts, and virtually told the business creditors that they might look out for themselves. The trade rejected the absurdly small dividend which was offered, and looked to the assignee, a legal officer who is supposed to represent creditors,

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for such realization as was practicable. Since then the assignee, who in all probability represents the bankrupt, has made no report. The business is carried on apparently in the same way and with the same management, though nominally by the mother of the bankrupt, and the establishment of any independent well-stocked bookstore in Brooklyn, a city of 800,000 inhabitants, which has no considerable bookstore outside the dry-goods bazaars, has been made impossible. In such cases, to permit men to go on, to give them new credit, to pass over the business crime without punishment, to accept the plea that we are now another concern, which has no liability for the old debts," is suicidal on the part of the trade.

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We speak of these affairs by name because it is time for these questions to be handled without gloves by representative trade journals, even at the risk of vexatious suits for libel. We have received letters from several leading houses in the trade, thanking us for the position we have taken in this matter, and assurances from others, who are creditors in the present case, that (contrary to report) they have not compromised and do not mean to. We pass on to the New York and other trade the appeal of these correspondents that they should take a firm stand and definite action in this matter. Honest trade at a hundred cents on the dollar cannot go on in competition with bankruptcies and "compromises " of this sort. They are wrecking the distributing machinery of a trade which depends upon that machinery for its success. Mr. De Vinne, in his address to the Typothetæ, pointed out how ruinous to the printing trade is the result of reckless reprinting which throws the risk and ultimate loss largely on the paper-maker and the printer. The case of Belford, Clarke & Co.. with the large amounts involved with paper-makers and printers illustrates this. It is against the laws of business morals and of business success that after successive failures of this kind men should be put on their feet again. We speak out boldly because we speak in the names of hundreds of honest men who love their calling, who desire to do right, and whose worst foes are not simply the men who fail, but the men who encourage failures of this kind.

COMMUNICATIONS.

the belfoRD, CLARKE & CO. FAILURE. To the Editor of the Publishers' Weekly :

IN your issue of October 12 you copy from the American Bookseller, Belford, Clarke & Co.'s statement, professing to give the causes leading to the failure of that concern. While giving avoid the principal ones, viz.: an attempt to convarious reasons for that event, they carefully duct an immense business without regard to business principles, ignoring trade courtesy and justice

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