The London Spectator has the following just observations on a scandalous exhibition in the theatres:

"There is a certain degree of elevation, especially in the course of human events, which foretells a speedy downfall. Tyrannies, before their decline, become more and more abominable; and probably the last tyrant is the one who deems his position most secure and his impunity best established. We are forced to this reflection by a burlesque on Auber's Enfant Prodigue, brought out this week at the Olympic. Here we have the most affecting story of sin and repentance, derived moreover from the lips of One whom almost every inhabitant of this island esteems as sacred, made the peg whereon to hang the ordinary jokes which we hear usque ad nauseam, every Christmas and Easter. There must be an overweening confidence in the safety of burlesque to make such an experiment possible. We are by no means anxious to assume the Puritanical tone, or to lay down the doctrine that certain subjects are to be excluded from any department of art. The most sacred themes are worked into oratorio-books, and the most straitlaced portion of the community applauds their combination with music. But when a subject is in itself solemn, let it be solemnly treated. Opinions may be divided as to whether the story of the Prodigal Son can with propriety be represented in the form of serious opera or spectacle, but that it is an improper theme for burlesque there cannot be the shadow of a doubt. Our dramatic authors have too long been in the habit of trying to raise a laugh about every thing, and we have too long been inundated with a species of drama in which the chief wit is anachronism and the chief wisdom a Cockney familiarity with the disreputable works of the Metropolis. We trust that the début of the Prodigal Son at Vauxhall and the Casinos is that crisis of a disease which precedes a return to health, and that henceforth we shall hear less about Haroun Alraschid's views of the polka, and Julius Cæesar's estimate of cider cellars and cigars. As for the Olympic burlesque itself, it is by no means void of humor; nor is it unsuccessful. We only stigmatize it as the perfection of a bad genus."

Some time ago when a comic opera founded on the history of Joseph was produced in England the people refused to hear it.


Historical Review of the Month.

In Great Britain through November, and in all the last month in the United States, Louis Kossuth has been the object of principal interest to every class of persons. Arriving in New-York on the 5th of December, he has delivered a series of brilliant orations, probably unexampled in all history by any one man, in so short a period, for displays of various knowledge, effective method, and popular eloquence; and, whatever his subject or occasion, the central point of every one was the deliverance of Hungary. The most important result thus far is the organization of a Finance Committee, consisting of a number of the most eminent citizens of New-York, to collect voluntary contributions of money, for the purpose of carrying on a projected resistance to Austria and Russia by the Hungarians. Of the Government of this country, it is understood, Kossuth asks no active intervention, but that England and America shall unite in affirming the policy, that "every nation shall have the right to make and alter its political institutions to suit its own condition and convenience," and that the two nations (England and America) shall not only respect but cause to be respected this doctrine, so as to prevent Russia from again marching her armies into Hungary. By a large majority of both Houses of Congress, Governor Kossuth has been invited to Washington, and it is probable that he will soon disclose in a speech before the representatives of the nation, more fully than he has yet done, his plans, his hopes, and his expectations.

The first session of the thirty-second Congress assembled in Washington on the 1st of December. In both houses there is a strong majority for the Democratic party. Of the Senators, twenty-four are Whigs, two (Hale and Sumner) distinctive Free Soilers, thirty-four Democrats including Mr. Chase of Ohio, an avowed Abolitionist, and Messrs. Rhett and Butler of South Carolina, Secessionists. There are now three vacancies in the Senate, the last occasioned by the resignation of Mr. Clay, on account of ill-health and his great age. This illustrious orator and statesman may now be regarded as having closed his public career. The present House consists of 233 Members, besides four Delegates from Territories, who can speak but not vote. Of the Members, the Tribune reckons, eighty-six Whigs, five distinctive Free Soilers (besides several attached to one or the other of the great parties); the remaining one hundred and forty-two are of the Democratic party, including all the Southern Rights men and such Union men as were not previously Whigs. The House was organized on the first day of the session by the election of Linn Boyd, of Kentucky, as Speaker, by a considerable majority.

The annual Message of the President was delivered on the 2nd. It is a long document, of much value as a survey of the progress of the nation in the past year, and of considerable importance for its intimations of the policy of the administration. The President strongly condemns the recent invasion of Cuba, and in connection with a history of that affair states, that after the execution of fifty of the associates of Lopez, Commodore Parker was sent to Havana to inquire respecting them. They all acknowledged themselves guilty of the offence charged against them. At the time of their execution, the main body of invaders was still in the field, making war upon Spain. Though the invaders had forfeited the protection of their country, no proper effort has been spared to obtain the release of those now in confinement in Spanish prisons. The President advocates adherence to our neutrality and non-intervention policy. "Our true mission," he says, "is not to propagate our opinions, or impose upon other countries our form of government, by artifice or force; but to teach by example and show by our success, moderation, and justice, the blessings of self-government, and the advantages of free institutions." The correspondence with England and France respecting the invasion of Cuba, maintains the principle, on the part of the United States, that "in every regularly-documented merchant-vessel, the crew who navigate it and those on board of it will find their protection in the flag that is over them." The right of Consuls to security in the country where they reside, is maintained, and mortification is expressed at the attack on the Spanish Consul at New Orleans, and the insult to the Spanish flag. The aggregate receipts for the last fiscal year were $52,312,979.87, with the balance on hand at the commencement, making the means of the treasury for the year $58,917,524.36, against $48,005,878.66. The imports of the year ending June 30, 1851, were $215,725 995, of which $4,967,901 were in specie. The exports were $217,517,130, of which $178,546,555 were domestic, and $9,738,695 foreign products. Specie exported, $29,231,880. Since December 1850, the payments of principal of the debt were $7,501,456.56, which is inclusive of $3,242,400 paid under the 12th article of the treaty with Mexico, and $2,591,213.45 awards under the late treaty with Mexico. The public debt, exclusive of stock, authorized to be issued to Texas, was $62,560,395.26. The receipts for the next fiscal year, are estimated at $51,800,000, making, with the balance on hand, the available means of the year $63,258,743.09. The expenditures are estimated at $42,892,299.19, of which $33,343,198 are for ordinary purposes of government, and $9,549,101.11 for purposes consequent upon the acquisition of territory from Mexico. It is estimated that there will be an unappropriated balance of $20,366,443.90 in the Treasury on the 30th of June, 1853, to meet $6,237,931.35 of public debt due on the 1st of July following. The value of the domestic exports for the year ending June 30, 1851, show an increase of $43,646,322, which is owing to the high price of cotton during the first half of the year, and the price of which has since declined one-half. The value of the exports of breadstuffs is only $21,948,653 against $26,051,373 in 1850, and $68,701,921 in 1847—our largest year of export in that department of trade. In rice the decrease this as compared with last year in the export, is $460,917, which with the decrease in the value of tobacco exported, makes an aggregate decrease in the two articles of $1,156,751. From these premises the President draws the conclusion, that the favorable results anticipated by the advocates of free trade from the adoption of that policy have not been realized.

The case of Mr. Thrasher, alluded to in our last, is the subject of a letter from the Secretary of State to our Minister in Madrid, under date of December 13. Mr. Webster directs efforts to secure Mr. Thrasher's release from imprisonment Mr. Thrasher was sent to Spain on the 24th November.