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Published online by Cambridge University Press: 05 October 2010
In spite of the statement of the Syndics quoted at the end of the preceding chapter, the University Commissioners of 1850–52 reported their opinion that it is only by associating printers or publishers in some species of co-partnership with the University, or by leasing the Press to them, that any considerable return can hereafter be expected from the capital which has been invested in it…we are satisfied that no Syndicate, however active and well chosen, can replace the intelligent and vigilant superintendence of those whose fortune in life is dependent upon its success.
Accordingly, on the resignation of Parker, the Syndicate recommended that the university should enter into partnership with “Mr George Seeley of Fleet Street, London, Bookseller, and Mr Charles John Clay, M.A. of Trinity College and of Bread Street Hill, London, Printer,” and the grace for the deed of partnership was passed on 3 July, 1854.
The control of the printing thus came into the hands of Mr Clay, whilst Mr Seeley received the sole agency for the sale of Cambridge bibles and prayerbooks; Mr Seeley, however, retired two years later and Mr Clay entered into a fresh agreement with the university.
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