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in the book, as I fancy it is better to be silent than to make untrustworthy statements; and this remark will particularly apply to the amounts of annual outlay generally published in connection with the names of large advertising firms. My own experience is that the firms or their managers are not aware of the exact sums expended by them, or, if they are, do not feel inclined to tell in anything but the vaguest manner. Another observation I have made is, that extensive advertising is likely to result in a desire for the exaggeration of facts—at all events, so far as the individual advertisers themselves are concerned. That any firm, tradesmen, manufacturers, agents, quacks, perfumers, patentees, or whatever they may be, pay a settled annual sum, no more and no less, for advertising, I do not believe now, whatever I may have done before commencing my inquiries.

I have endeavoured as much as possible, and wherever practicable, to make the advertisements tell their own story. At the same time I have tried hard to prevent waste of space, and so far have, if in no other way, succeeded. This is but little merit to claim, and if lam allowed that, I shall be satisfied. Also, if my endeavour should lead to a development of that laudable spirit of emulation so apparent nowadays after the ice has been once broken, I shall be happy to supply any fresh adventurer with copious material which has grown up during the progress of this "history," and which has been omitted only through lack of room. As far as my judgment has allowed me, I have selected what appeared best; other tastes might lead to other results. With this I will take leave of a somewhat unpleasant and apparently egotistical task; and in doing so beg to say that I trust to the reader's kindness, and hope he will overlook the blemishes of a hurried and certainly an unpretentious work* which may, however, be found to contain a little amusement and some amount of information.

H. S.

London, September 1874.

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IT must be patent to every one who takes the least interest in the subject, that the study of so important a branch of our present system of commerce as advertising, with its rise and growth, cannot fail to be full of interest. Indeed it is highly suggestive of amusement, as a reference to any of our old newspapers, full as they are of quaint announcements, untrammelled by the squeamishness of the present age, will show. Advertising has, of course, within the last fifty years, developed entirely new courses, and has become an institution differing much from the arrangement in which, so far as our references show, it first appeared in this country; its growth has been attended by an almost entire revulsion of mode, and where we now get long or short announcements by the hundred, dictated by a spirit of business, our fathers received statements couched in a style of pure romance, which fully compensated for their comparatively meagre proportions. Of course, even in the present day, and in the most pure-minded papers, ignorance, intoler


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