"Nov. 22. Ground at a prospectus with Top: in the evening to Pembroke and go on with the prospectus, Fulford joining in and doing lion's share."
The publishers were Messrs. Bell and Daldy; and the first number of "The Oxford and Cambridge Magazine, conducted by Members of the two Universities," appeared on the 1st of January, 1856. Twelve monthly numbers duly appeared. At the end of the year the financial drain, Morris's own engrossment in other occupations, and the rapidly divergent interests of the principal contributors, led to its discontinuance. The price of each number was a shilling. But this moderate sum was found too high for the amount of matter by some purchasers, and was thought to have injured the circulation. Each number consists of from 60 to 72 pages in double column, and the contents are classified as Essays, Tales, Poetry, and Notices of Books. The financial responsibility was undertaken wholly by Morris, the only one of the projectors who could easily do so; though Dixon, out of more limited means, was anxious to help. At first Morris had the general control which, in default of more specific arrangements, follows the control of the purse. But the details of publishing were little to his taste, and as a corrector of proofs he was not very competent. Before the second number appeared the editorship had been formally assigned to Fulford, to whom Morris paid a salary of £100 a year for the performance of that duty. Towards the end of the Christmas Vacation Burne-Jones writes to Price, "Topsy has surrendered active powers as editor to Fulford, who is now to be autocratical master of the magazine, with full powers to accept or reject or modify anything or everything submitted to his imperial jurisdiction—it will be a good thing for all of us,
