An unprofitable enterprise not being attractive to the trade, ten
months elapsed before another arrangement could be carried into
effect, and therefore No. 1 of Vol. ii was not published until April,
1820. The new arrangement was one of mutual responsibility for the
expenses, but the Editor was constrained nevertheless to pledge his
own personal credit to obtain from a bank the funds necessary to begin
again, and from this responsibility he was, for a series of years,
seldom released. The single volume per annum being found insufficient
for the communications, two volumes a year were afterwards published,
commencing with the second volume.
At the conclusion of Vol. x, in February, 1826, the work was again
left upon the hands of its Editor; all its receipts had been absorbed
by the expenses, and it became necessary now to pay a heavy sum to
the retiring publisher, as an equivalent for his copies of previous
volumes, as it was deemed necessary either to control the work entirely
or to abandon it. The Editor was not willing to think of the latter,
especially as he was encouraged by public approbation, and was cheered
onward in his labors by eminent men both at home and abroad, and he saw
distinctly that the Journal was rendering service not only to science
and the arts, but to the reputation of his country. He reflected
moreover that in almost every valuable enterprise perseverance in
effort is necessary to success. He being now sole proprietor, a new
arrangement was made for a single year, the publishers being at
liberty, at the end of that time, to retire, and the Editor to resume
the Journal should he prefer that course.
The latter alternative he adopted, taking upon himself the entire
concern, including both the business and the editorial duties, and of
course, all the correspondence and accounts. From that time the work
has proceeded without interruption, two volumes per annum having been
published for the last twenty years; and its pecuniary claims ceased to
be onerous, although its means have never been large.
Public-domain text, read in full here on John Shaqi.
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