ABSTRACT
This chapter focuses on a document which outlines the growing financial difficulties of the London Corresponding Society (LCS) during the latter half of 1796. The legal engagements of John Gale Jones and John Binns following their arrests in Birmingham as representatives of the LCS to the local reform society as well as the general meetings held in opposition to the repressive Two Acts were a major drain on the Society’s monetary reserves. It was, however, the increasingly unprofitable publication of The Moral and Political Magazine of London Corresponding Society, which occupied the greater part of this document’s explanation for the Society’s financial decline. The Magazine was projected to be the Society’s main source of permanent income, however supply outstripped demand and its publication ultimately proved unsustainable. The lecond is a statement of the Prosits and Losses which have attended the several undertakings of the Society, between the 7th of July and 31st of December, beginning with the Balance of 98l.
