During the past month have been celebrated the Annual Commencements of a number of the colleges of the country. Apart from the exercises of the candidates for collegiate honors, much of the best talent of the country is usually enlisted in the service of the literary societies connected with the institutions. First in order of time, this year, we believe, stands the one hundred and fourth anniversary of Nassau Hall College, in New Jersey. The address before the Literary Societies by Hon. A. W. Venable, of North Carolina, on "The claims of our common country on the citizen scholar," is characterized as an able and eloquent performance. The graduating class numbered fifty-four. The University of New York held its commencement on Wednesday, July 2. On the Monday evening previous, a characteristically brilliant oration was delivered before the Literary Societies by Rev. Dr. Bethune, of Brooklyn. John G. Saxe, Esq., of Vermont, pronounced a poem, which elicited great admiration. The annual oration before the Alumni was delivered by Howard Crosby, Esq. The number of graduates was twenty-two. The commencement of Dickinson College, at Carlisle, Penn., was held June 25th. Rev. Dr. Peck, the President, tendered his resignation, to take effect at the close of the next academic year. Rev. O. H. Tiffany, of Baltimore, was elected Professor of Mathematics. The graduates numbered sixteen.

Miami University, at Oxford, Ohio, held its commencement June 28th, when eleven students graduated. The different Societies were addressed by Rev. W. B. Spence, of Sidney; Rev. Dr. Rice, of Cincinnati, on the topic of "Revelation the source of all true philosophy;" and by Rev. S. W. Fisher, of Cincinnati, in a very able manner. The oration before the Alumni was delivered by Wm. Dennison, Esq., of Columbus. The eighty-third annual commencement of Brown University, at Providence, R. I., took place on the 9th of July. The graduating class numbered thirty-two. N. W. Greene, Esq., of Cincinnati, delivered before the Phi Beta Kappa Society an oration of great power and vigor, discussing in an earnest and vigorous manner some of the great social and political problems of the day. The address before the Literary Societies was by Abraham Payne, Esq., of Providence. His subject was "Common Sense." A very interesting discourse was delivered before the Society for Missionary Inquiry, by Rev. R. Turnbull, of Hartford, upon the subject of the "Unity of the human race." The unity advocated was not so much that arising from a common origin as the deeper unity of a common nature, capacities, requirements, and destiny. The newly-founded University of Rochester held its first commencement exercises on the 9th of July. The graduating class numbered thirteen. Rev. Henry Ward Beecher, of Brooklyn, delivered before the Literary Societies his often-repeated and brilliant discourse on "Character." Park Benjamin, Esq., recited a sparkling poem, keenly satirizing the all-prevailing passion of the love of money. On the 10th the anniversary of the Theological Department of the University was held. The graduating class was addressed by Prof. J. S. Maginnis; and Rev. T. J. Conant, D.D., delivered an inaugural address as Professor of Hebrew, Biblical Criticism, and Interpretation. The subject of his address was "The claims of sacred learning." It was amply worthy of the subject and of the reputation of the distinguished Professor.

SOUTHERN AMERICA.

In Mexico the extra session of Congress was opened on the 1st of June. Señor Lacunza was chosen President of the Senate, and Señor Alcosta of the Chamber. On the second day, several financial projects were broached. Among the means proposed for the support of Government, was the application to immediate use of the remainder of the indemnity, if there should be any; a general duty on consumption; a tax upon cotton manufactures; an increase of the duty on the circulation and export of coin. The Chambers have agreed to allow the Government to use the $1,600,000, said to remain of the American indemnity, at the rate of $250,000 a month, although this money had been specially appropriated to the interior creditors. An order has been issued for the discharge of any official who shall speak against the Government. The number of police in the capital has been augmented, and they are allowed to arm themselves with pistols. Brigandage does not appear to be diminished. One of the engineers of the Tehuantepec survey states that a line for a railroad from the Coatzocoalcos River to the Pacific has been examined, in no part of which will there be an ascent of more than sixty feet to the mile. The prosecution of the survey has been prohibited by the Government, and all Americans engaged in it ordered to leave the country. Some disturbances have arisen in consequence of this order, which it is said the Company intend to disregard. Subsequently to the issuing of the order they advertised at New Orleans for 500 additional laborers, and two steamboats which they

wished to dispatch immediately. The Mexican consul at New Orleans refused a clearance to a steamer which the Company wished to send.

The disturbances in Chili and Peru seem to have been effectually suppressed, though in the latter Republic some uneasiness yet prevails, owing to the attitude assumed by the partisans of Vivanca.

In the Argentine Republic, and the small States in its neighborhood, the same singular state of affairs prevails that has existed for some years. Rosas, though nominally only Governor of Buenos Ayres, is in reality supreme dictator of the whole Argentine Republic. The elements of discontent against his administration have, however, so far increased that there is a probability that his overthrow may be effected. General Urquiza, Governor of the province of Entrerios, has taken up arms against Rosas, and calls upon the other provinces for aid. He, however, does not ask for military assistance, affirming that his own troops are amply sufficient to overthrow the "fictitious power" of Rosas, which he affirms to be based solely upon "terror," although he acknowledges that it has been maintained with "execrable ability." It is quite probable that Lopez, the successor of Francia, in Paraguay, may be induced to join Urquiza; for Rosas has always avowed that Paraguay was an integral portion of the Argentine Republic, and has ever cherished the design of its invasion, although more urgent occupations have never allowed him the opportunity to catty the purpose into execution. It has long been the wish of Lopez to secure the recognition by other nations of the independence of Paraguay, and it is said that he has lately addressed a communication to the President of France, designed to effect this object. Brazil has also a pretext for engaging against Rosas, owing to his having assumed the responsibility of certain aggressions upon the Brazilian provinces, committed by General Oribe. If all these separate interests can be combined at the same moment against Rosas, it is difficult to see how he can maintain himself, notwithstanding his undoubted ability.

Uruguay still maintains its singular position. The nominal government is without power beyond the walls of Montevideo, the capital, which, as for the last dozen years, is held in a state of siege by General Oribe, supported by aid from Buenos Ayres.

In Bolivia Government has issued the programme of a new Constitution, based upon the following articles: "1st. The Government will defend and uphold the sovereignty and independence of the republic abroad, and peace and tranquillity at home. 2d. The Catholic religion shall be that of the State. 3d. The best relations shall be maintained with other American and European States, and all treaties strictly observed, as well as neutrality in discussions arising between them. 4th. The civil liberty of citizens, and the rights of all shall be respected in conformity with the laws. 5th. The crimes of conspiracy and sedition shall be judged by verbal courts martial. 6th. The liberty of the press shall be guaranteed. 7th. Foreigners shall be respected and protected in the exercise of their trade and commercial pursuits. 8th. A National Convention shall be convoked. 9th. The independence of the judicial authority shall be respected. 10th. Official appointments are conferments. 11th. The political opinions of all citizens shall be respected. 12th. The Ministers of State shall be responsible for the acts of their administration." A convention, consisting of fifty-three delegates, is summoned to meet on the 16th of July.

In the Republics to the North there are discontents.