Soon after the magazine's launch, its founding editor, James Perry, passed proprietorship to the Shakespearean scholar Isaac Reed and his partners John Sewell and Daniel Braithwaite, who guided the magazine during its first two decades.
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He was writing at this time also in the European Magazine, among his contributions being Siamese Tales and Tales of the 12 Soubahs of Indostan; and some essays, announced as after the manner of Goldsmith, which were collected and published by subscription in 1806 as Hours of Leisure.