"There are, it is true, at present no great prizes in literature such as are offered by the learned professions, but there are quite as many small ones - competences; while, on the other hand, it is not so much of a lottery"

James Payn's quote reflects on the state of the literary occupation in contrast to more traditionally esteemed fields like medication, law, or academic community, often described as "the found out occupations". Payn starts by acknowledging a particular truth: literature does not frequently offer the exact same level of considerable monetary benefits ("terrific prizes") one may discover in these other occupations. In this sense, literature may not consistently guarantee the large incomes or distinguished rewards that can in some cases accompany success in recognized professions.

Nevertheless, Payn explains an equally crucial counterbalance: there are numerous "little prizes" or "skills" offered in the literary world. These might not be as profitable or well known as those in other fields, but they are nonetheless considerable. The term "proficiencies" recommends that, while the rewards may be smaller, they suffice to offer a sustainable, modest living for those who pursue writing. This suggests an abundance of chances, albeit less grand, which can support a writer's livelihood.

Moreover, Payn makes an essential difference about the nature of success in literature versus that in the conventional occupations. He keeps in mind that literature "is not so much of a lottery". This recommends that literary success is not simply based upon possibility or luck however might be available to a more comprehensive variety of people through talent, effort, and dedication. Unlike a lottery game, where random chance identifies the winner, literature enables a more meritocratic journey. Those with skill, creativity, and perseverance can take a successful niche.

In essence, Payn's quote presumes that while literature may not guarantee the highest rewards, it uses numerous smaller sized yet concrete chances and relies less on luck than more predictable career paths. It provides a practical yet positive point of view on the literary profession, recommending that dedication can yield a fulfilling, albeit possibly modest, profession.