The bequest to the village of Waldorf has resulted in the founding of an institution that appears to be doing a great deal of good in a quiet German manner. The German biographer of Mr. Astor, from whom we have derived some particulars of his early life, expatiates upon the merits of this establishment, which, he informs us, is called the Astor House.

"Certain knowledge," he says,

"of Astor's bequest reached Waldorf only in 1850, when a nephew of Mr. Astor's and one of the executors of his will appeared from New York in the testator's native town with power to pay over the money to the proper persons. He kept himself mostly in Heidelberg, and organized a supervisory board to aid in the disposition of the funds in accordance with the testator's intentions. This board was to have its head-quarters in Heidelberg, and was to consist of professors in the University there, and clergymen, not less than five in all. The board of control, however, consists of the clergy of Waldorf, the burgomaster, the physician, a citizen named every three years by the Common Council, and the governor of the Institution, who must be a teacher by profession. This latter board has control of all the interior arrangements of the Institution, and the care of the children and beneficiaries. The leading objects of the Astor House are: 1. The care of the poor, who, through age, disease, or other causes, are incapable of labor; 2. The rearing and instruction of poor children, especially those who live in Waldorf. Non-residents are received if there is room, but they must make compensation for their board and instruction. Children are received at the age of six, and maintained until they are fifteen or sixteen. Besides school instruction, there is ample provision for physical culture. They are trained in active and industrious habits, and each of them, according to his disposition, is to be taught a trade, or instructed in agriculture, market-gardening, the care of vineyards, or of cattle, with a view to rendering them efficient farm-servants or stewards. It is also in contemplation to assist the blind and the deaf and dumb, and, finally, to establish a nursery for very young children left destitute. Catholics and Protestants are admitted on equal terms, religious differences not being recognized in the applicants for admission. Some time having elapsed before the preliminary arrangements were completed, the accumulated interest of the fund went so far toward paying for the buildings, that of the original fifty thousand dollars not less than forty-three thousand have been permanently invested for the support of the Institution."

Thus they manage bequests in Germany! The Astor House was opened with much ceremony, January 9,1854, the very year in which the Astor Library was opened to the public in the city of New York. The day of the founder's death is annually celebrated in the chapel of the Institution, which is adorned by his portrait.

These two institutions will carry the name of John Jacob Astor to the latest generations. But they are not the only services which he rendered to the public. It would be absurd to contend that in accumulating his enormous estate, and in keeping it almost entirely in the hands of his eldest son, he was actuated by a regard for the public good. He probably never thought of the public good in connection with the bulk of his property. Nevertheless, America is so constituted that every man in it of force and industry is necessitated to be a public servant. If this colossal fortune had been gained in Europe it would probably have been consumed in what is there called "founding a family." Mansions would have been built with it, parks laid out, a title of nobility purchased; and the income, wasted in barren and stupid magnificence would have maintained a host of idle, worthless, and pampered menials. Here, on the contrary, it is expended almost wholly in providing for the people of New York the very commodity of which they stand in most pressing need; namely, new houses. The simple reason why the rent of a small house in New York is two thousand dollars a year is, because the supply of houses is unequal to the demand. We need at this moment five thousand more houses in the city of New York for the decent accommodation of its inhabitants at rents which they can afford to pay. The man who does more than any one else to supply the demand for houses is the patient, abstemious, and laborious heir of the Astor estate. He does a good day's work for us in this business every day, and all the wages he receives for so much care and toil is a moderate subsistence for himself and his family, and the very troublesome reputation of being the richest man in America. And the business is done with the minimum of waste in every department. In a quiet little office in Prince Street, the manager of the estate, aided by two or three aged clerks (one of them of fifty-five years' standing in the office), transacts the business of a property larger than that of many sovereign princes. Everything, also, is done promptly and in the best manner. If a tenant desires repairs or alterations, an agent calls at the house within twenty-four hours, makes the requisite inquiries, reports, and the work is forthwith begun, or the tenant is notified that it will not be done. The concurrent testimony of Mr. Astor's tenants is, that he is one of the most liberal and obliging of landlords.

So far, therefore, the Astor estate, immense as it is, appears to have been an unmixed good to the city in which it is mainly invested. There is every reason to believe that, in the hands of the next heir, it will continue to be managed with the same prudence and economy that mark the conduct of its present proprietor. We indulge the hope that either the present or some future possessor may devote a portion of his vast revenue to the building of a new order of tenement houses, on a scale that will enable a man who earns two dollars a day to occupy apartments fit for the residence of a family of human beings. The time is ripe for it. May we live to see in some densely populated portion of the city, a new and grander ASTOR HOUSE arise, that shall demonstrate to the capitalists of every city in America that nothing will pay better as an investment than HOUSES FOR THE PEOPLE, which snail afford to an honest laborer rooms in a clean, orderly, and commodious palace, at the price he now pays for a corner of a dirty fever-breeding barrack!

[Footnote 1: Old Merchants of New York. First Series.]