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Ian Hamilton: Literary pay and literary prizes, 18 June 1998

Guide to Literary Prizes, 1998 
edited by Huw Molseed.
Book Trust, 38 pp., £3.99, May 1998, 0 85353 475 6
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The Cost of Letters: A Survey of Literary Living Standards 
edited by Andrew Holgate and Honor Wilson-Fletcher.
W Magazine, 208 pp., £2, May 1998, 0 9527405 9 1
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... One of the most amusing – or, if you prefer it, one of the most heartwarming – episodes in the history of early Modernism centres on Ezra Pound’s attempt to ‘liberate’ T.S. Eliot from his clerk’s job at Lloyds Bank. In 1921, Pound started up a fund called Bel Esprit and set about trying to persuade 30 subscribers to fork out ten pounds each: £300 p ...

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