As soon as I had read the third canto of ‘Childe Harold’ myself, I had no hesitation in telling Mr. Kinnaird that I should make my offer fifteen hundred guineas; but he has called to-day to say that two thousand are expected by your friends. I told him that hitherto, I believed that no one had impugned my estimations; and that with regard to yourself I had no other feeling than a desire to give all that was possible, and on the present occasion I thought I had anticipated any notions, and that I suspected the demand to be based rather on my own data than on any independent estimate. The poem, however, is so much beyond anything in modern days that I may be out in my calculation: it requires an ethereal mind, like its author’s, to cope with it. He was so obliging as to ask for the additional £500 eventually; but I have preferred to settle it at once at the £2000—and now the Lord (not you) have mercy upon me! Remember I do stipulate for all the original MSS., copies or scraps.
I am thinking more seriously than ever of publishing a monthly literary journal and am promised the contributions of the greatest characters here. If I succeed, I will venture to solicit the favour of your powerful assistance in the shape of letters, essays, characters, facts, travels, epigrams, and other—to you—small shot, and to entreat the favour of your influence among your friends.