Literary Fund, ROYAL, was founded in 1790 by David Williams, an ex-dissenting minister, the friend of Franklin, Mackintosh, &c., and was incorporated in 1818, its object being to relieve literary men of all nations. In 1889 grants to the amount of £2095 were made to forty authors. From 1790 till 1889 a sum of £109,000 has been thus distributed. The expenditure is met by the subscriptions at the anniversary dinner, and investments; the income was £3850 in 1889.
Literary Fund
Chambers's Encyclopaedia, Volume 6: Humber to Malta, p. 654
Source scan(s): p. 0669