It was unfortunate for Mr. Knight to be so much under the influence of his Society. Had the Cyclopaedia been under his own superintendence, it would have founded his fortune. As it was, he lost over 30,000L. by the venture. The 'Penny Magazine' also went down in circulation, until it became a non-paying publication, and then it was discontinued. It is curious to contrast the fortunes of William Chambers of Edinburgh with those of Charles Knight of London. 'Chambers's Edinburgh Journal' was begun in February, 1832, and the 'Penny Magazine' in March, 1832. Chambers was perhaps shrewder than Knight. His journal was as good, though without illustrations; but he contrived to mix up amusement with useful knowledge. It may be a weakness, but the public like to be entertained, even while they are feeding upon better food. Hence Chambers succeeded, while Knight failed. The 'Penny Magazine' was discontinued in 1845, whereas 'Chambers's Edinburgh Journal' has maintained its popularity to the present day. Chambers, also, like Knight, published an 'Encyclopaedia,' which secured a large circulation. But he was not trammelled by a Society, and the 'Encyclopaedia' has become a valuable property. The publication of these various works would not have been possible without the aid of the steam printing press. When Mr. Edward Cowper was examined before a Committee of the House of Commons, he said, "The ease with which the principles and illustrations of Art might be diffused is, I think, so obvious that it is hardly necessary to say a word about it. Here you may see it exemplified in the 'Penny Magazine.' Such works as this could not have existed without the printing machine." He was asked, "In fact, the mechanic and the peasant, in the most remote parts of the country, have now an opportunity of seeing tolerably correct outlines of form which they never could behold before?" To which he answered, "Exactly; and literally at the price they used to give for a song." "Is there not, therefore, a greater chance of calling genius into activity?" "Yes," he said, "not merely by books creating an artist here and there, but by the general elevation of the taste of the public."