HARRY BLUFF AND THE LAKES.
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HARRY BLUFF AND THE LAKES

 On our fourth page will be found tho fourthnumber of Harry Bluffs articles on the subject of lake de- fence Sc. is an ably written pnper exhibiting the naval power and policy of England.

 Tho writer, in previous numbers, has directed general attention to one ofe most stupcndous con captions of the are. project no less grand and important than emptying the great lakes of the north, island seas, into the lap of the father of waters! The project of oPsaitg direct channel of communication between the lakes aud the Nis- sissipp valley, and thereby go step further in the important work of binding the remote parts of our wide spread country more closely together, by in creasng the facilities of iuter-comnuuication. The defence of the country, however, is his principal design, H. proposes that the United States shall purchase the Illinois aad Michigan canal, and com. petc ship canal, 10 serve IS defence, ineon junction with the naval depot at Memphis, for on lake borders and commerce.

 The completion of this canal is all that is want ing to open up connection of the lakes with th, Mississippi river. Sc that ships built al AIemphi, may be throWnupou the gulf of Mexico, or directly upon the lakes, through the Illinois river, and tte canal leading from that river to the lakes, and emp tying the lakes through it and the Illinois river into the Mississippi.

 Our country is fast recovering, under the system of economy and industry praetised for several years past from the deep ruin into which it was thrown by the great banking mania. Commerce is spreading her wings, and again the seas begin tc groan beneath the hurthen of the wealth transported upon their bosons. Individual enterprise is seeking wealth ilom all her sources, and spirit of public improvement is abroad in the land. Should our people keep clear of banking, and speculation with out capital and proceed in the march of improve. ment upon actual capital thcre is nothing in ths holdess conception that may moi be accomplished Time and space may be oyercome-almost annihi lakeland the distant points of this great union bc brought in iaxta-positon! Canals, railroads an( magnetic elegaphs, will enable the dweels on tho Pacifc.to communicate withthe Atlantic borderefs and the denizeas ef the Gulf coast with those upor the northern lakes, as iaiailiarlY as the inhabitants ot opposite sides of small rivers have done in tim, gone by