The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-02-21
AFFAIRS In THE METROPOLIS.
INAUGURATION OF THE TOURO INSTITUTE.
The Market Bank Embezzlement Case.
Arrest of the Alleged Chemical Bank FOge,;
EVENTS IN CITY LIFE,
&c, DO, 40.

REV. DIR. RAPHALL, ETC., KC.
The naugw alton of the Touro Literary Institute took
place last evening" at its rooms No. s4s Broone
street few doors west OF Broadway The object Of this
association for the mutual improvement Of It's
bers by the of books to be collected lba ary
by acquaintance with the current events Of the day.
through the periodical press; by the Of public
discussion on all popular subjects excepting strictly the
illogical topcs) by essays from members by lectures
from eminent scholars and distinguished In science
and art by the study and practice OF eocuton, and
such other OF knowledge may be consistent
with literary body In the words of the tituon
of this society is dedicated 'to the memory OF the
eminent American Israelite the late lamented Judah
Touro" and its design Is "to bring about the mental
improvement and the social Advancement Of the Hebrew
community Of the city of New York" The society has
been In operation about two months and is rapidly
gaining ground
At eight O'Clock, the President of the Institute BFvJ
II MEYERS Esq took the chair, in the presence Of
large and intelligent audience. He said;--
LApns AND GEsTIrMES-The purpose for which
Touro Literary Institute This Institute II ne insti
tuition established only few weeks but still somsthn ny
has been M aehi9v,d It was commenced BY few young
difiuse information by Of lectures &c. speak
hopefully OF the present prospects Of this Institute.
Although not yet patronzed by the laera OF the
try, IL has already made progress 1t has the
germ OF a good library which Is q credit far 1t
volume now, it will soon number huIdred We are
open TO receive contributions from the outside public
That literature among the Jews TO day is not In an
advanced state arises from many causes. Why
jews not better mechanics, and why they are not
further r. ADVANCED in literature are questions frequently
swered The persecution Of the has been
great that han lot had time opportunity to build
up its literature. But these things have passed away
We now live In America, away from Spain and Russia.
Wherever the Jew has BEEN there he left his mark
In America, at least, the Jew find rest, aud II at
rest Is not time that the Intellectual the
Hebrw race should be developedf (Applause.) The
Jew has everywhere reyed Ms rnaa he has been
accused as 4 dabbier in money and this has been laI
to his detIiment. Rather let the Christian lay this
persecution than TO any want Of the cultivation OF art.
But hopea brighter day is davniny for the Hebrew
Many are the pames in science which DO traced
to the Israetes. And, ladies and gentlemen, per.
is not without bad results Even in our day the Jew
may be seen preierrpg the qualification Of personal
many such in, n,tances but much good may resa, from
institutions like the present. We want TO
they hsve sprung, Here The true ambition of Israel
may be built up without his being converted TO another
eerptive institution. The day Of Jesh persecution
has passed away. In this republic, there il Religion
tbet are some pr sses which raiss agains
the jew but this i not argument. This Iostue Is
named in honor o. the late distinguished Hebrew phi-
lantbropst judah Touro and ask you all TO give such
aid 10 building up the structure that Israel In America
may be proud ofit.-(Applause.) OF
The President then introduced Jonas b. Phillips Esq.
to the audience.
The occasion which has convened US this evening 4
Of peculiar interest and permit to say, 10 my
self Of unqualified pleasure an The esab
i,hmfnt OF in.tiiuton TO promote the diffusion
knowledge and the cement OF literary taste
among the Hebrew com mmunty OF ths metropolis con.
stituts epoch In our history here TO which coubt
not the founder OF this ASSOCIATION viii look baoG in
after years with pride and satisfaction, when they be
hold their efforts crowned with success aud the
which they plsnted spreading wide its branches and
yielding the golden fruits OF knowledge and Instruction
The title Of this association has been most
ly selected IL is grateful tribute to the memory OF
whose memory IL honored alike by the Hshre anil
the Gentle. The name OF judah Toure Is almost sy-
b.nevtlerce which tknew no distinction OF conntry
or Of creed, and you, gentlemen of this as
sociatlon, haye done honor to yourselves In
distinguishing your institute by the name Of one
whose estimaCe life affords study for the emulation
Of every Isrs.lte, aud whose memory IL enshrined
| in the hearts Of all who appres ate and honor
tie undying virtues Of integrity, patriotism and bsnevo
lence. But this is reither the place the o;casiou,
were quate 20 the task, for 10 become the
euogst Of judah Iouro and shall therefore pro,eei
with due regard 10 Jour patience, 20 the consid-
cason OF our present convocation when / as
! cepted the rnviiation with which ! honored
have had Sufficient interval Of leisure PREPARATION
In order that might TO extent have justified the
partiaty II not the Judgment Of my friends at whose
request am participant In the exercises o this
ing truLt at least, that the devotion bring ID the
cause in which the members Of this association have
embarked will afford some ndemnihcaton FOR the def
cencies which may be apparent my remarks and that
the single branch from the tree Of knowledge wh.h
lay upon the altar you tbs night eonsecrate viii se
| cure the welcome offerings Of those who may
hereafter approach IL laden with its n;best fruits
bri,f history Of the origin Of literary associations,
anc the ibhusnce OF literature upon the business pur
sus Of liie will not, Trust be considered nsppropats
or altogether unintsrestng The establishment Of
ceties or Institutions for the cultivation and advance
ment q literature, and the general dissemination Of
knowedge was undoubtedly eoeval with the earliest pe
RODS OF civilization. The academies OF the aucionts
were u fact societies for the promotion OF literature
and the cultivation Of the arts and sciences ana TO the
| perfection developed in the philosophy Of Greece
her poetry and arts, she was beyond all ques
/ ton indebted for the respect she found when
her arms failed 70 afford her protection. Even
seniuf and ment Of her subee.d ppoyne, mi n.
Roman youth socn associated the ees ant and intellectual
pursuits OF the academy, the lyceum, and porco OF
/ bsc been their sole ambition and occupation After
reviewing at length and iearnedy the sos distinguished
ltsrsry soci.ties OF Europe Mr.. Ptilps continued
The various societies existing In AnSrsa and daily In
cressing In numbers and usefulnsss Characteristic
cenanes exciasssy to wss.s s 90.
! patons are purely Of literary character but ncude
associations In which the merchant and tho arti-
san tie LAWYER, the physician and divine, alike
| seek the txhaUstless fount Of knowledge to par
taLe a its pure rnd invigorating waters = -.
TIE commercial world ia Indebted 10 Locke and Smith for
the principles which have exalted trade into liberal
pursuit, and contested u with the happiness snd
'weslth % nationsn II such considerations which
induced the merchants Of London In the year I7is 70
sttute their society for the Of ltera
turs snd arts, and the promotion Of Here,
more than in any other country Is the influence Of er
atuIe upon the various pursuits Of life i'm
/ Iortsnt, and the encouragement Of literary
cations Of young men essential. The avenues
i eduoation are open 10 abby all the highes,
i hot ors OF our republic attainabe-and the lite.
fsry requirements which have facilitated ths
businsrs ~ ~ ur.ehn', the isrmsr AMI
| mecbsrir, q, llp M. tisrer tr8sts wb!sh mar
! le Isiotte y = .,pye, and qualify b. for n y
rfnvs dscuit ntt x u ir cgisa;lye hail Bat thrre
toues fitd MAJ : existence wuen be vthtra
from the tot and cares OF setiye business and even
then he finds that the literary requirements which
avaiisd hin during u pursuits, stnl exercise salutsry
end consoling nnuaee II s the autumn Of existence,
when lie "fall. inise and yellow lesff,he pc
rod 10 Nheh all od for Sard with Mingled emotions of
anxiety and dreadthe des0ate cheerful interval be-
tween the active Of business and the eternal
cessation Of all earthly sborths verdsnt vale Of years
whore the feepenng shadows contemplated, without
rpning AZ the departure OF wesp Mt time the bar