We give very simple proofs of the classical results of Magnus and Hill on the spectral properties of the Hilbert matrix $$ H = \left ( {1 \over i+j+ 1 } \right )_{i,j\geq 0} $$ which defines a bounded linear operator on the sequence space $\ell^2$. In particular, we use the Mehler-Fock transform to find the spectrum and the latent eigenfunctions of the Hilbert matrix, that is, we show that the spectrum of $H$ is $[0,π]$ with no eigenvalues (Magnus' result) and describe all complex sequences $x$ such that $Hx=μx$ for some complex number $μ$ (Hill's result).