And what kind of a prize do have for the Duke of URL? :)
Rickard A. Parker wrote:
>Jennifer Formichelli wrote:
>>On another matter, I agree with Marcia that Eliot was not competing
>>per say for the Dial prize, but it was rather arranged that the prize
>>(in its first year then, I think) would be given to him for
>>The Waste Land. The amount in 1922 was on the order of about $2000 USD,
>>I believe, or what at the time would have been about L500
>>sterling. Eliot made quite a nice salary from Lloyds in 1922,
>>and that amount would probably have been about double his year's pay.
>Eliot's 1922 award was the Dial's second. The amount was $2,000.
>That amount and the list of winners is at a site on the Dial:
>Rainey's "The Price of Modernism" essay uses an exchange rate of
>£1=$5. At this exchange rate, $2,000 is the equivalent of £400.
>>From Rainey's essay:
> $150 from the Dial for the poem
> $2,000 Dial prize
> $580 royalties for Liveright (U.S.) book
> $100 guess on Hogarth book royalties
>for a total of roughly $2,800 for the early returns on TWL (giving one
>modern equivalent of $115,000.) Also Rainey says this was about 2.5
>times the salary of the executive secretary of Vanity Fair.) He also
>states that the per capita income in the U.S. at the time was $750.
>At a rate of £1=$5, $2,800 is the equivalent of about £560.
>Lyndall Gordon's "T.S. Eliot: An Imperfect Life" says that Eliot's
>salary at Lloyds Bank at the end of 1922 was £500 (p. 167.) A London
>typist at the time MIGHT be making about 100 pounds/year (Rainey also
>has a quote about a typist making weekly £1 to a high of 30 shillings
>and I'm upping that to £2.)
> Rick Parker
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