Globusz^® Publishing 

The Academy has survived Mr. Burne-Jones' desertion of his old associates, as it would survive art itself. I for one should regret its disappearance. It is a whetstone for wit, like everything established and respectable. I am only sorry we have no Academy of Letters. It gives one such a standing not to be a member--almost as good a standing as to be one. If you are left out in the cold you loudly pity those asphyxiating in the heat, and if you have a cozy chair by the fireside you fall asleep and say nothing. This promotes happiness all round, and makes the literary man contented with his lot. In England authors have no Academy, and so have to fall back on the poor publishers: _Hinc illae lachrymae!_