Wells had considered the notion of time travel before, in an earlier work titled The Chronic Argonauts. He had thought of using some of this material in a series of articles in the Pall Mall Gazette, until the publisher asked him if he could instead write a serial novel on the same theme; Wells readily agreed, and was paid £100 (equal to about £9,000 today) on its publication by Heinemann in 1895. The story was first published in serial form in the January to May numbers of William Ernest Henley's new venture New Review. The first book edition (possibly prepared from a different manuscript) was published in New York by Henry Holt and Company on 7 May 1895; an English edition was published by Heinemann on 29 May. These two editions are different textually, and are commonly referred to as the "Holt text" and "Heinemann text" respectively. Nearly all modern reprints reproduce the Heinemann text.