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It is noted in the passage that, in order to fund her business venture, Monroe ....... .
As a poet, Harriet Monroe knew that other poets had little chance to become known and earn money.
Few books by living poets were published, and magazines bought poetry mainly to fill leftover space.
She solved the problem by starting her own poetry magazine, Poetry: a Magazine of Verse in 1912,
through which she had a major influence on the development of modern poetry. She knew that a new
publication with a small circulation could not pay its own way. Nevertheless, she wanted to pay poets
for their work and to offer prizes. She could think of only one way to accomplish this: to persuade
well-to-do people to support the magazine as they did orchestras and art museums. By asking about
100 Chicagoans to pledge $50 annually for five years, Monroe raised the money to launch her
magazine. She became the first editor. As its motto she chose a line from Walt Whitman: "To have
great poets there must be great audiences too." Poetry published the work of nearly every notable
modern American and British poet. Some well-known poems that first appeared in the magazine are
Carl Sandburg's 'Chicago', Joyce Kilmer's Trees', T.S. Eliot's 'The Love Song of J. Alfred Prufrock',
and Vachel Lindsay's 'Congo'. Monroe never married. Her hobbies were travel and mountain climbing.
She continued as editor of Poetry until her death on September 26. 1936, in Peru.