,T. E. Sorlppe, of Detroit, has recently done :i noble thing for art by giving $"0,000 tn the fund tor a permanent art exhibitiou 11 Detroit. Sucli a generons gift speaks well fot the public spirit of Mr. Seripps, na thal amount wiUt'iiable the lovers Of the beautiful to do niuch in educating the public inind In hifrher and liobler p iths. That moiiey will do good, but has any 011e heard of any good being done by the $20,000 he recently had to donare to the professor of gurgery In the ü. of M. ? Michigan Republicana In convention assembled at Grand Rápida iliil not waste time and words in empty resol uUona of a long list of what they intended doing. Hotvever bad theDemocratsfeel over the matter it will befound that the Republicana nf tliis State are to be relied npon in the future as in the past lor an honorable and dlStinguUhed discharge of all duties entruated to them. Moreover, although they did not go through the form of a verbal endorsement of the admlnlstration, it is now afflrmed by those who ought to knoT that Arthur will receive the votes of more than half of the Michigan dele"ation. That kind of an endorfement would ipeak louder than words. Thotwandsofmen all through the country who have been speculating in stocks on Wall Street, had their sleep disturbad badly last week by the bank fallureB and fears of a general panic. Many men who were millionaircs, in their anxiety to get more, and men who had a little, in their rush to get rich had been buylns beyoud their nieans. and the enormous shrinkage even of nood dividend paying stocks had brought them intostraits. Banks making loani on securities often foimd them below the loans, and a suelden distrust of values possessed capitalists to such an extent thutmoncy, as plenty as it is, eomnianded one per cent a day or 305 per cent a year. llowever,with mony ea?y over the country it is not likely thcre eould be a panic :is in 1870 when money was scarce, so confidence has been partially restored. The disturbance really is only among the spcculators and does not extend to the solid business interests of the country. The business men of New York seldom care much for politics and do not interest themselves rcadily in the fortunes of any caudidate. So when they do leave their books and oftlces to discuss men and polit cal measures it shows a strong urgency. They like a safe, conservativo aduiinistration, for their business interests are rendered unstable by what is termed a brilliant and aggressive policy - one that at any time may provoke a riot or even a war. For that reason President Arthur's wise course Tmeets with their hearty endorsement, and last night the leading merchants of New York assembled to express their wish to have him continued in the chair he is ably filling. Now, these men are uot specuiators, but men en.. .... =,„. Jt.l ¦¦¦¦¦ "ril -.,.:.- J York but all over the country, the Arthnr forces are steadily gaining and he may be nominatedon the first ballot. The colorcd men havo had a convenllon at Pittsburg, and sonie curiosity has been feit as to its purpose. Tliat has nnt been settled yet, we believe, and concerning it the N. Y. Tiibune says: "The convention of colored men wbich niet j'esterday in Pittsburg is liardly a representativo body, as the cali was confined to those States in which the colored race, "wields a mensure of political power that is both reeognized and feit, and without which neither of the two great political parties can achieve success so long as their present status remains unchanged." It is interesting to know the States coneerning which that is said to be true. They are Illinois, Kansas, Michigan, New Jersey, New York, Massaclmsctts, Connecticut, Ohio, rennsylvania, Indiana, and the District of Columbia. It is not clear just what is the object of the convention, unless it be to obtain political recognition, wliich is a euphonism for offices. It is quite possible that a meeting of able colored men f rom the above named States may be benelicial to the colored people, although sorae of their ablest leaders, among them Frederiek Douglass, seem to fear that the convention will be used by design ing demagogues for tlieir own selfish en ds. Tliere is no color line in politics, and the sooner the colored people themselves reoognize that fiict the better.