How did it work? Then, as now, there is a great deal of impatience in the demand for books, especially good books. English authors would sell American publishers the manuscripts of their new books before their publication in Britain. The American publisher who bought the manuscript had every incentive to saturate the market for that particular novel as soon as possible, to avoid cheap imitators to come in soon after. This led to mass publication at fairly low prices. The amount of revenues British authors received up front from American publishers often exceeded the amount they were able to collect over a number of years from royalties in the UK. Notice that, at the time, the US market was comparable in size to the UK market.
More broadly, the lack of copyright protection, which
permitted the United States publishers pirating of English writers, was a good economic policy of great social value for the people of United States, and of no significant detriment, as the Commission report and other evidence confirm, for English authors. Not only did it enable the establishment and rapid growth of a large and successful publishing business in the United States; also, and more importantly, it increased literacy and benefited the cultural development of the American people by flooding the market with cheap copies of great books. As an example: Dickens A Christmas Carol sold for six cents in the US, while it was priced at roughly two dollars and fifty cents in England. This dramatic increase in literacy was probably instrumental for the emergence of a great number of United States writers and scientists toward the end of the nineteenth century.