In 1880, George Gebbie suggested to Mark Twain that he publish an anthology of humorous works.
The idea evolved into a project financed by Clemens to produce an anthology of American humor with himself as editor and Howells and Clark assisting.
Harper and Brothers wanted US$2,500 (approximately $50,000 with inflation) for a release, compelling Howells to sign the Introduction as "The Associate Editors."
The Library of Humor was a valuable piece, containing many copyrighted works by many distinguished and popular authors.
Secretary of Harper and Brothers Frederick A. Duneka had it revamped and expanded by Burges Johnson for a multi-volume revival in 1906.