But between the Fellows and the Directors there seems to have been but a hollow truce after all. They were bent upon different plans and objects. The Fellows entertained practical views enough. The only academy of art was still the very inadequate private school in St. Martin's Lane--a distinct institution, a common resort of artists, whether members of a society or not. The Fellows desired out of the funds of their society to found a public academy of a high class, that should be of real value to the profession. The Directors, among whom the architects Chambers and Payne were remarkably active, proposed, on the other hand, 'that the funds should be laid out in the decoration of some edifice adapted to the objects of the institution.' The Fellows declared that in this project the society, as a whole, had no interest; and at a general meeting in March 1767, they carried a resolution 'that it should be referred to the Directors to consider a proper, form for instituting a public academy, and to lay the same before the meeting in September next.' An attempt was then made on the part of the Directors to comply with the terms of this resolution, and yet to reserve the funds of the society for the future carrying out of their own pet scheme. Dalton, an artist of very inconsiderable fame, who held the appointment of librarian to the King, was treasurer to the Incorporated Society, and a leading member of its direction. He had, some time previously, attempted to establish a print warehouse in Pall Mall, but the speculation had signally failed; accordingly the speculator had been left with very expensive premises on his hands. He now conceived that his warehouse might readily be converted into a very respectable academy of arts, and he contrived to obtain the King's encouragement of the plan. Soon, at another general meeting, the Fellows were informed that the King intended to take the fine arts under his special protection, and to institute a public academy under royal patronage. At these good tidings opposition ceased. The resolution passed at the March meeting of the society was at once repealed. Universal satisfaction prevailed; there was great rejoicing among the Fellows at the brilliant prospects dawning upon art and artists. The words 'Royal Academy' were substituted for 'Print Warehouse' over the door of Mr. Dalton's house in Pall Mall. The subscribers to the school in St. Martin's Lane, on the representation of Mr. Moser that they would thenceforward have free access to the Royal Academy, that their school would be thus superseded, and that their furniture would consequently be of no further use to them, were prevailed upon to assign to him their anatomical figures, busts, statues, lamps, and other effects and fittings, which were forthwith removed to Pall Mall. But bitter disappointment was to follow all this hopefulness and satisfaction. It soon appeared that there was no money applicable to the support of the royal establishment. The King