told them to be the latest and most vigorous and representative work of imaginative literature, and, finding it distasteful, have come to the conclusion that the "poets of the day" or the "novelists of to-morrow" are not for them: turning back, then, to their Dickens or Browning or Dionysius of Halicarnassus in the mood of that ghastly pessimist who said that whenever a new book came out he read an old one. These readers are typical of many, and the result of their existence is that the dissemination of the best contemporary literature is (1) less wide than it might be and (2) less rapid than it might be. There is, as a rule--in the economists' term--far too great a "time-lag" in the making of the best reputations. A man often writes for years before he is heard of by the mass of the cultivated readers who are naturally predisposed to like his work, and do like it when at last they meet it. In a nation so large, and with so immense a volume of literary production, such numerous and diverse news-sheets, and such congested and ill-arranged bookshops, this phenomenon is bound to exist in some degree. But it may be minimised, and although we of the LONDON MERCURY cannot hope, and do not desire, to be judged by our aspirations rather than by our performances, we may at least be permitted to say that we shall do our utmost to contribute towards that end. * * * * * Even to disclaim an ambition for an infallible pontificate of letters must savour of impertinence. We can only say that what our journal can do in the way of affirming and applying principles of criticism, and giving a conspectus of the best contemporary work, we shall attempt to do. Our other functions we have already outlined, and a beginning is made in this number. We have made no endeavour to arrange a dazzling shop-window of names or "features" for our first number; whatever may be our readers' views concerning this number we can at least assure them that the contributors to subsequent numbers will be not less representative than those here found, and that only a beginning has yet been made towards the complete scheme that we have in view. _Going and Staying_ The moving sun-shapes on the spray, The sparkles where the brook was flowing, Pink faces, plightings, moonlit May, These were the things we wished would stay; But they were going. Seasons of blankness as of snow, The silent bleed of a world decaying, The moan of multitudes in woe, These were the things we wished would go; But they were staying. THOMAS HARDY _It's Not Going to Happen Again_