The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-07-03

brilliant Assem- blage was attracted TO the grand sa
loon Of the Museum this morning to witness the oom
mencement Of the Department of Arts Of the Univsrs
ty or Psnnsylvania. The following the order of
exercises interpreted by the delightful music Of
srfuI orchestra under the direction Of B. c. Cross
Prayer by the Provost Rev r,n DR.. Luaow'
Greek salntstoTy. ...'.. w arthur Jsosson'
The Heroes Of the Revolution. John Thomas.
The Abus: Of Gr.ioi'm Addirsi r, hswson'
The lnnusnos Of the Student. .Jsmes M, Price.
Tss a ossIasn s Vssn
- GOVERNING OF pseAEEs.
The degree Of Bachelor Of Arts was conferred on the
following members Of the senior GLASS -
Robert o. Clarke, VIM. White Montgomery
Samuel Clements, James NJ Price,
Charles M Crssson. Augustus H; Richards,
Francis u. Cummings, L. Ksston Smith,
Charles Harmar, Thomas stswardson, Jr,
Charles Hsrtshorne, John Thomas
Addinel He wsou, Hermann Vezn.
Ths degree Of Master Of Arts conferred the fol-
lowing graduates of three years standing =
Charles c. Brock, Andrew H. Henderson,
James Feuton, Alexander Mckinley
d. Niles kreeland, George +. Miller
John B. Gest Joel B. Reynolds,
Thomas W. Greenbank, John NJ Richards
H. Cooper Hanson, James q. Shinn,
John VI. Heyberger, Samuel M Shute,
George NJ Damb James Suddards,
Robert w. Leaning, Elias f. Wilson.
The degree of Doctor of Medicine was conferred on
James R Craig, Of Virgni. Nathaniel Miller Of Rhode
Isiand Samuel W. Dunn, New Jersey; Leonard Jacoby,
Pennsylyans; Thaddess Brownson, Alabama Ira 5.
valedictory grafton, Francis Geo. Cummings.
Benediction by the Provost.
10 communication with the South has length been
medisd, and New York has again been placed within
talking distance of Fredericksburg, Virginia.
The lightning chain Is rapidly extending in every d
reoton. By the 18th Of the present month antici-
a short time after with Cincinnati A branch of the
western line is constructing to connect Lancaster with
York in State and this has already been open
cd al far Columbia
A letter from the Hon. John Banks State Treasurer
confirms the public in their belief that the State interest
insure this he states is only required that the county
treasurer will make the sum OF $780, 900 available TO
tue treasury BY the LIST OF August and there can Re no
The Board IL Controllers OF the Public Schools have
rselected their able aud efficient Secretary, Col Thos
The shareholders and others interested in tho vicks
burg Ralrosd held meeting yesterday for the purpose
OF facilitating arrangement absorb about So 000
900 Of It's debt by the application Of half Of its stock
In other words the creditors to surrender their
claims and receive In lieu thereof 600 shares of stock
On condition Of this arrangement having been effected
Of the claims of its creditors have been
surrendered and about $500 shares stock being about
ons-third ofthe number required. A speech was made
BY Mr. w. ohen in which he stated that the perfect
Ing of the compromise would In very short time enable
the institution TO make q dividend upon the whole
pital from the profit the Railroad alone that the
special debt of two hundred and fifty thousand dollars
for the payment of which five hundred thousand dollars
worth Of real estate had been pledged being rapidly
reducsd that at least IL not three payments had
been made upon it out of the accrung Of the
railroad, and he believed the vt this time but
little any thing rising two hundred thousand dollars
that Of the four millions of bills receivable much should
oe considered worthless although about millions
had been secured by bond and mortgage; he thought
DO realised of it, which added the surplus that
would be produced ont Of that part Of the real estate
pledged for the special debt would make about twelve
hundred thousand dollars yielding at least
expenses IN the whole management determined upon
the railroad increase of business &c &c annual In
would be derived OF about two hundred thousand
dollars per xnnum, hve psr cent upon the capital
wards Of two millions Of dollars had already assigned
their claims stockholders representing thirteen
thousAud shsre surrendered halt Of their stock
that Mr.. Barclay had the assurances OF number Of
srSdors who had signed the former that
they executing the present trust;
that the Institution would by this be
trxy free from debit that great efforts making
in Georgia and Mississippi TO form connections with the
two ysars ths railroad would OF Itself be worth four mil
Mons Of dollars
Sales Of Stocks mt Phi ,adelphia.
Fissr BoAHp AND ArrEn SALEs-$iO 0 Texas 8s, 23h;
e Chs. Z Del; Cs.s ss 300 ksadng S. six sss do SO;
*; d Comm.rcisi Bank, 5sX; 5000 liHos Specs ,sx
eop state s., 1s<. Slaeo isxss Notes ~ $1,000 Tenn
S ;iss s:s S ss S. o $1,000 5000
e. IS IL Ss Sc "A s'Ss % M. s'isfass
ksaL e Commerce pS Lehsh, ssk, IS COMMERCIAL
,s1SysS Rc.sn - n America B,sl lss; I,rm.r
tis Canal, LEN; 100 do, lsk; Mer. Man Ba1k. Pins
AyrEn sALrs-iooo Tenn Bonds S. a2x Bank Of Com.
%s,ss ~ 10 LehEn ssHi % Mst Nan Bank Ph~buu