The Peabody Fund

New Yojrk. July 17. - The anmial re port of rtw General A.gnt of the Peabody fund l)r ii'irns Sears, gives an en couraging review of the general condition ot the public ftc-bools ín the Southern (States, and says enconr&xing eireuinstauces vaetly predomínate over thu discouragin. There is cue class of men, the report says, ivliose influcnce is to be dreaded ; whp do not profess to be unfriendJy to the cominon soboolá, but reluctantly eon-ent ïo let the experiment be tried, provided it be. done cbeuply, not oonsidering, and probably not euring, that suoli eondition is fatal to sucue-s. The elïoot would, and in more than one State i?, to órenle wido spreail dissatist'action amoMg the people, who, having paid tlieir school tax, find thnt private schools have been broken up or redueed to weaknes8 or inefficieney by tha removal of so many pnpils, and tliat f i r want of Buffioiett funds no respectable public schools have taken their placo so far as the education of tbe chitaren of the State gencTally is eonceroed. Tlie two ysterng co-existing are chréfiy efficiënt in weakening each other; and" tor eit.her to be prosperuus requires all tha inouey that is paid iot both.