[Letter] Feb.5,1887,Smith College [to F.H. Giddings]

Feb. 5, 1887, Smith College.

Dear Mr. Giddings,
         I woke at 5 1/2 o'clock
this A.M. with a notion in
my head, that compelled me
to rise and make my pencil
fly as rapidly as possible till
breakfast time. What I produced
was twelve ms. pages on "What
are Profits?" The idea is that
entrepreneur's returns are a
compound of wages for directive
work, capable of being put into the
form of a salary, and a
distinctively mercantile portion,
which latter is subject to further
division. It may or may not
be worth anything. I can tell
better after a day of waiting.
If it turns out to have
sum[m]ing value would you
like it for a near issue
of Work and Wages, say March
No.? I rather want, if I
publish it at all, to get it
before the members of the
Am. Economic Association. In
my entire ignorance of what
it costs the publishers of
Work and Wages to send copies
to such as are not subscribers,
I do not feel like asking that
that be done. I do not know
that the article will prove to be
worth so much. Suppose, after
a day or two, I send it and
let you judge of these points.
At present it is as the very
first pencil sketch has left it,
and I shall not be able to bestow much
time in the revision. Still I can copy it
and smooth it a little.

         Yours Very Truly,
                       J. B. Clark