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The Uairersiiy Lands.--In our last weeks paper we published the protest of Nlegsrs Mardis and Ack- len, two members of the Board of Tntsees of the University of Aabulna, denying the right Of the board to extend such relief to certain purchasers of lands belonging to that corporation, IS had been granted in an ordinance durlng their late session In this day paper lay before our readers the or dlnance itself, presented by the letter of General o- gan oi the Trustees who voted with the majori- tW both of which will be found on the last paee-- As il is but fair that both sides should be heard we consider 1t no than act of justice to publish this ordinance together with any explanation of it which can be offered by its friends nasmnch as the protest of the minority has been as widely dssemi- mated paper crculates. It moreover affords much pleasure to shed any light upon subject which, we freely confess, presented then q more uu- promising aspect than ii does with the additional in- formation which we liaye now to give our readers

 Our opinion however, of the potcer of the trustees to extend relief to the purchasers o these lands re- mains unchanged, and although the extent of the re- lief granted is not of that disastrous character which we at first apprehended, stll we cannot reract oar unqualified condemnation of the whole proceeding The principle IS the same, whatever may be the ex- tent of the relief and as the assumption of power was illegal all acts, however moderate, performed under that assumption are, and ought to be- void The pesent proceeding may he seized upon in future as q precedent and the next step constitute more serious nroad upon the university funds, IL will be well therefore that this proceeding should receive the signal disapprohation of the people in every scc ton of the State, in order that instead Of afgrdng the advantages of precedent, it may be converted into beacon to warn succeeding boards of trustees to keep within the line oi their duties, which has been clearly defined by the laws of the land S0xth- eYn AdcocaG.