▁Henry ▁Old enburg , ▁four - and - a - half ▁years ▁after ▁the ▁Royal ▁Society ▁was ▁founded . ▁The ▁full ▁title ▁of ▁the ▁journal , ▁as ▁given ▁by ▁Old enburg , ▁was ▁Philosoph ical ▁Trans actions , ▁G iving ▁some ▁Account ▁of ▁the ▁present ▁Und ert ak ings , ▁Studies , ▁and ▁Lab ours ▁of ▁the ▁In gen ious ▁in ▁many ▁considerable ▁parts ▁of ▁the ▁World . ▁The ▁society ' s ▁council ▁minutes ▁dated ▁ 1 ▁March ▁ 1 6 6 4 ▁( in ▁the ▁Old ▁Style ▁calendar ; ▁equivalent ▁to ▁ 1 1 ▁March ▁ 1 6 6 5 ▁in ▁the ▁modern ▁New ▁Style ▁calendar ) ▁ordered ▁that ▁" the ▁Philosoph ical ▁Trans actions , ▁to ▁be ▁composed ▁by ▁Mr ▁Old enburg , ▁be ▁printed ▁the ▁first ▁Monday ▁of ▁every ▁month , ▁if ▁he ▁have ▁sufficient ▁matter ▁for ▁it , ▁and ▁that ▁that ▁tract ▁be ▁lic ensed ▁by ▁the ▁Council ▁of ▁this ▁Society , ▁being ▁first ▁re vised ▁by ▁some ▁M embers ▁of ▁the ▁same ". ▁Old enburg ▁published ▁the ▁journal ▁at ▁his ▁own ▁personal ▁exp ense ▁and ▁seems ▁to ▁have ▁entered ▁into ▁an ▁agreement ▁with ▁the ▁society ' s ▁council ▁allowing ▁him ▁to ▁keep ▁any ▁resulting ▁prof its . ▁He ▁was ▁to ▁be ▁disappoint ed , ▁however , ▁since ▁the ▁journal ▁performed ▁poor ly ▁from ▁a ▁financial ▁point ▁of ▁view ▁during ▁his ▁lifetime , ▁just ▁about ▁covering ▁the ▁rent ▁on ▁his ▁house ▁in ▁Pic c ad illy . ▁Old enburg ▁put ▁out ▁ 1 3 6 ▁issues ▁of ▁the ▁Trans