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 own words, the story of how 'Punch' was founded, and how it became the most successful of satirical and comic journals.

'Punch,' said its present editor, in a very charming and witty lecture he used to deliver on 'Modern Satire,' 'was founded July 17th, 1841, by two or three gentlemen—Henry Mayhew, the original projector, Mark Lemon, E. Landells, Sterling Coyne, and Henry Grattan. It was at first a joint speculation of authors, artists, and engravers; and I was only connected with it after it had been established, and others had borne the heat and burden of the day. The first and second numbers were brought out; but, in truth, it was a question whether the third would appear, for want of funds, for it was no secret that the projectors were none of them rich men. Indeed, I may say they were all poor men. Had it not been for the happy accident of Mr. Mark Lemon having a farce, "The Silver Thimble," accepted at one of the minor theatres, "Punch" would have been stopped. The silver thimble, however, was large enough to cover the acorn, which has since grown into an oak. At first, the paper was published by a person who was noted as being connected with some disreputable prints, and there was an ill-odour resulting from the connection hanging about "Punch." This was no fault of the projectors; and the moment they were aware of the fact, they took the paper to a respectable firm, who became the proprietors; and from that time the paper has increased largely from year to year in popularity and circulation. Perhaps a good reason why "Punch" has been successful lies in the fact that there has been no line, from the first to the last, which might not be read by a girl of eighteen. Had it been otherwise, I hope I should not have been in this hall to talk about it.'

Speaking of the old contributors, the lecturer referred to Douglas Jerrold (born in London in 1803, died 8th of June 1857), whose writings under the signature of Q., the first of which appeared on the 13th September 1841, were very successful, and soon gained notoriety. The late Gilbert à'Beckett (born in London, 1810; died at Boulogne, 1856) was another valued contributor. The sketch of a London magistrate in 'Aspen Court' is a portrait of Mr. à'Beckett by the hand of his friend, Shirley Brooks. John Leech, who was born in London in 1816, was mentioned in appropriate terms of eulogy. 'The greatest compliment that could be paid to