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advantage of the temporary absence of the President and his officers. The plan seemed rather feasible, and the report, true or false, was current yesterday; but if there was any truth in it, the discovery has been made in time, for nothing has occurred. San Agustin appeared even gayer and more crowded than it was last year. We spent the day at the E——s, and went with them to a box in the plaza to see the cock-fight, which I had no particular pleasure, I must confess, in witnessing again, but went for the sake of those who had not seen it before. The general coup d'œil was exceedingly gay, and the improvement in the dress of the ladies since last year, very striking. There were neither diamonds nor pearls amongst the most fashionable. The bonnets were chiefly Parisian, as were many of the gowns. One box looked a veritable parterre of flowers. The ladies of our party wore dresses and bonnets as simple, fresh and elegant as could be seen in any part of the world. A young and titled heiress, newly arrived from her distant estates, wore pink satin with a white hat and feathers, and we observed, that according to the ancient San Agustin fashion, she changed her dress four or five times a day. But the ladies may dress, and may smile, and may look their very best; they are little thought of this day, in comparison with the one all-powerful, all-pervading object. It is even whispered that one cause of the more than usual crowd at San Agustin this year, is that many failures are expected in mercantile houses, and that the heads of these houses or their agents are here on the desperate hope of retrieving their falling fortunes.