“formed a partnership with Mr. JOHN MORGAN, late of Philadelphia, to whom he has been long attached by a friendship founded on a concurrence of political principles, and on a similarity of conduct at a time when few Englishmen were to be found loyal and bold enough openly to defend the character of their king and country.” This was accompanied by an advertisement of the new business,[2] and another announcing the forthcoming publication of Porcupine’s works in 12 vols. 8vo. The re-crystallization of parties, which took place in consequence of the proposed peace, drew together a band of gentlemen under the leadership of Lord Grenville and Mr. Windham. This clique was known as the “New Opposition;” and they became separated from their former colleagues on the ground that Mr. Pitt had violated his solemn declaration not to make peace with France until the political balance of Europe should be restored. Mr. Cobbett, then, believing in his heart that England was falling into the grasp of France, and that the nation, besides, was in great peril on account of the increase of the national debt, found himself in the ranks of this new opposition party--not as a party man, however, but solely from his own independent standpoint. They believed in his sincerity, they applauded his wonderful courage and the fine power of his pen, but did not exercise any dictation. They “agreed, and sometimes disagreed, but never attempted to thwart” the course of his mind.[3] The need for a new organ in the press was manifest; and the project of a weekly review--“something between a newspaper and a magazine,” which should give easy instruction on political topics, not only to the multitude, but also to those who lead the multitude--was submitted by Cobbett to Mr. Windham. “Such a publication,” (he continues) “conducted with great diligence and care, some talent, unwearied perseverance, and an inviolable attachment to truth, will, if anything can, awaken the dormant spirit of the nation, and form a rallying-point for the now scattered friends of the king and the country.” The scheme will require 600_l._ to start it with. But he has already sunk too much in the _Porcupine_, and he cannot draw any considerable sum from the new promising partnership with Morgan. How the money is to be raised it is not for him to say; yet, should a subscription be set on foot, his own emolument must not be regarded as the object:--