He was afterwards raised to the office of clerk of the franks, in which he acted with great spirit and firmness; and often stopped franks, which were given by members of parliament to their friends, because he thought such extension of a peculiar right illegal. This raised many complaints, and having stopped, among others, a frank given to the old dutchess of Marlborough by Mr. Walter Plummer, he was cited before the house, as for a breach of privilege, and accused, I suppose very unjustly, of opening letters to detect them. He was treated with great harshness and severity, but, declining their questions, by pleading his oath of secrecy, was at last dismissed. And it must be recorded to his honour, that, when he was ejected from his office, he did not think himself discharged from his trust, but continued to refuse, to his nearest friends, any information about the management of the office.
By this constancy of diligence and diversification of employment, he in time collected a sum sufficient for the purchase of a small printing-office, and began the Gentleman’s Magazine, a periodical pamphlet, of which the scheme is known wherever the English language is spoken. To this undertaking he owed the affluence in which he passed the last twenty years of his life, and the fortune which he left behind him, which, though large, had been yet larger, had he not rashly and wantonly impaired it, by innumerable projects, of which I know not that ever one succeeded.
The Gentleman’s Magazine, which has now subsisted fifty years, and still continues to enjoy the favour of the world [60], is one of the most successful and lucrative pamphlets which literary history has upon record, and therefore deserves, in this narrative, particular notice.
Mr. Cave, when he formed the project, was far from expecting the success which he found; and others had so little prospect of its consequence, that though he had, for several years, talked of his plan among printers and booksellers, none of them thought it worth the trial. That they were not restrained by virtue from the execution of another man’s design, was sufficiently apparent, as soon as that design began to be gainful; for, in a few years, a multitude of magazines arose and perished: only the London Magazine, supported by a powerful association of booksellers, and circulated with all the art and all the cunning of trade, exempted itself from the general fate of Cave’s invaders, and obtained, though not an equal, yet a considerable sale [61].
Cave now began to aspire to popularity; and being a greater lover of poetry than any other art, he sometimes offered subjects for poems, and proposed prizes for the best performers. The first prize was fifty pounds, for which, being but newly acquainted with wealth, and thinking the influence of fifty pounds extremely great, he expected the first authors of the kingdom to appear as competitors; and offered the allotment of the prize to the universities.