Joseph Rossi founded the group, which was shaped by José Maria Egaña, Demetrio Guasque, Hipólito Unanue and Jacinto Calero y Moreira.
Together with two acquaintances under the pseudonyms of Mindirido and Agelasto and three ladies known as Dorálice, Florida and Egeria, they had previously formed the Society Harmonica to discuss literature and the public news.
The members of the Academic Society of Lovers of the Country decided to publish the topics of these conversations.
They created the Peruvian Mercury of History, Literature and Public News newspaper.
The paper competed with the Newspaper of Lima and after June 12, 1791, with the Critical Weekly, published by Spanish Franciscan Brother Antonio Olavarrieta.