"This is the last Number of the Watchman.--Henceforward I shall cease to cry the state of the Political atmosphere. While I express my gratitude to those friends who exerted themselves so liberally in the establishment of this Miscellany, I may reasonably be expected to assign some reason for relinquishing it thus abruptly. The reason is short and satisfactory.--The work does not pay its expences. Part of my subscribers have relinquished it, because it did not contain sufficient original composition; and a still larger number, because it contained too much. Those who took it in as a mere journal of weekly events, must have been unacquainted with 'FLOWER'S CAMBRIDGE INTELLIGENCER;' a Newspaper, the style and composition of which would claim distinguished praise, even among the productions of literary leisure; while it breathes everywhere the severest morality; fighting fearlessly the good fight against tyranny, yet never unfaithful to that religion, whose service is perfect freedom. Those, on the other hand, who expected from it much and varied original composition, have naturally relinquished it in favour of the 'NEW MONTHLY MAGAZINE;' a work which has almost monopolized the talent of the country, and with which I should have continued a course of literary rivalship, with as much success as might be expected to attend a young recruit, who should oppose himself to a phalanx of disciplined warriors. Long may it continue to deserve the support of the patriot and the philanthropist; and while it teaches its readers NATIONAL LIBERTY, prepare them for the enjoyment of it; strengthening the intellect by SCIENCE, and softening our affections by the GRACES! To return to myself. I have endeavoured to do well: and it must be attributed to defect of ability, not of inclination or effort, if the words of the Prophet be altogether applicable to me. "O, Watchman! thou hast watched in vain." Many readers will feel a concern in the arrangements and perplexities of Mr. Coleridge at the time of publishing his "Watchman;" for he had a more vital interest involved in the success of that work than he had, individually, in the rise and fall of empires. When he returned from his northern journey laden with subscribers, and with hope ripened into confidence, all that had yet been done was the mere scaffolding; the building was now to be erected. Soon after this time I received from Mr. Coleridge the following letter. "1796. My ever dear Cottle, I will wait on you this evening at 9 o'clock, till which hour I am on "Watch." Your Wednesday's invitation I of course accept, but I am rather sorry that you should add this expense to former liberalities.