“I think I may safely reckon on earning four hundred dollars by my pen the next year, which will support me. Between this and June, 1843, I think I shall have freed myself of debt and become an independent man. I am to have fifteen dollars a poem from the _Miscellany_, ten dollars from _Graham_, and I have made an arrangement with the editor of the _Democratic Review_, by which I shall probably get ten or fifteen dollars more. Prospects are brightening, you see.” It was the prophecy of a sanguine young man, but unhappily the plan which seemed to him to promise most was instead to plunge him into debt. The _Miscellany_ had closed its short career by merging itself in the _Arcturus_ of New York, and taking courage from the brilliancy of the journal rather than caution from its brevity of life, Lowell, in company with Mr. Robert Carter, projected a new Boston literary and critical magazine to be issued monthly. The Prospectus has all the bravery and gallant dash of these forlorn hopes in literature. The contents of each number will be entirely Original, and will consist of articles chiefly from American authors of the highest reputation. The object of the Subscribers in establishing _The Pioneer_, is to furnish the intelligent and reflecting portion of the Reading Public with a rational substitute for the enormous quantity of thrice-diluted trash, in the shape of namby-pamby love tales and sketches, which is monthly poured out to them by many of our popular magazines,--and to offer instead thereof, a healthy and manly Periodical Literature, whose perusal will not necessarily involve a loss of time and a deterioration of every moral and intellectual faculty. The Critical Department of _The Pioneer_ will be conducted with great care and impartiality, and while satire and personality will be sedulously avoided, opinions of merit or demerit will be candidly and fearlessly expressed. _The Pioneer_ will be issued punctually on the day of publication, in the principal cities of the Union. Each number will contain 48 pages, royal octavo, double columns, handsomely printed on fine paper, and will be illustrated with Engravings of the highest character, both on wood and steel. _Terms_: Three Dollars a year, payable, in all cases, in advance. The usual discount made to Agents. Communications for the Editors, letters, orders, &c., must be addressed, _postpaid_, to the Publishers, 67 Washington St. (opposite the Post Office,) Boston. LELAND & WHITING. October 15th, 1842.