Poem: "Perhaps this could have stayed unstated"

[Tom]

Hi

I have been wrestling with the following poem for days. Could you please help me understand it? Who is the poet talking to, what is the subject etc?

[Tom]

Tom

[Mister Micawber]

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Its main purpose is to keep the sonnet form and present the acrostic of Balzac's names-- whom I would presume he is talking to. He seems to be talking about the literary gifts of both authors.
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Native English teacher at Mister Micawber's