"The applicant must be a married mechanic, under the age of 25 years, who has faithfully served an apprenticeship of five years at least, in the town of Boston. He must produce a certificate of his moral character, from at least two respectable citizens of said town, who are willing to become bound with him, to the trustees, for the repayment of the sum loaned, by annual instalments of 10 per cent. with interest annually, at the rate of 5 per cent."
Flour.—Flour has recently been sold at Cincinnati for $2.25 per bbl. "good money." The crops of grain have been exceedingly heavy in the western country.
Herculaneum Manuscripts.—Sir Humphrey Davy has had great success in unrolling the manuscripts of Herculaneum and Pompeii. In a short time the contents of each roll will be known, as well as its title, which is generally found in the interiour.
Whaling!—It would seem by the following articles from the Boston Patriot, that the invention of the torpedo by the late Robert Fulton, to destroy enemies' ships in the late war, is about to be made use of for another valuable purpose, viz. blowing up whales!
"It was hardly to have been expected, that these destructive engines should have been adopted in the prosecution of one of the most thriving branches of business in which navigation is now employed. Yet, we are informed that a vessel has recently been fitted at New Bedford, bound on a whaling cruise, with an apparatus on board for the purpose of taking whales by blowing them up.
"Torpedoes, of arrow form, are thrown from a gun on board the vessel, which are calculated to sink into the body of the whale, and there explode. As the experiment has not yet been fully tested, we think its success, to say, the least, is problematical."
New York school fund, &c.—We have a long and interesting statement in the New York papers, of the funds set apart for literary purposes. They chiefly consist of bonds and mortgages, for money loaned, a considerable quantity of bank stocks, and sundry valuable tracts of land. The amounts are as follows:
The fund for the support of "common schools" is equal to $1,232,908, and its annual product about $78,964.
The fund for the "promotion of literature" amounts to $201,439, and its income is $5,288. This fund is divided among the colleges, in proportion to their scholars. Both of these funds are on the increase as to value and product.
Besides,—the occasional grants of the legislature for literary purposes since 1790, amounts to $1,189,056. And the general aggregate of appropriations, for the last thirty years, including escheated lands, schools lots, fees, &c., but excluding the annual revenue derived from the permanent funds, is estimated to amount to 3,000,000 of dollars!