In a large city, where several inter - connected exchanges have to be built and thousands of subscribers are put into communication with each other, the service is at once more costly and more valuable than in a small town with a few hundred subscribers accommodated in one exchange.
It brought in the enormous sum of £1,000,312,950 from no fewer than 5,289,000 subscribers; and Mr. Law justly hailed it both as an expression of the will of the people to win the war and also as evidence of the financial ability of the country to see it to a successful conclusion.
In 1529 the la,ndgrave signed the "protest" which was presented to the diet at Spires, being thus one of the original "Protestants;" in 1530 he was among the subscribers to the confession of Augsburg; and the formation of the league of Schmalkalden in the same year was largely due to his energy.
He proposed to bring out an edition of Shakespeare by subscription, and many subscribers sent in their names and laid down their money; but he soon found the task so little to his taste that he turned to more attractive employments.
The subscribers engaged by oath to maintain religion in the state in which it existed in 1580, and to reject all innovations introduced since that time, while professed expressions of loyalty to the king were added.