New York is the city of magniflcent hotels. 5ut few people know or understaud, however, ie qualitiea neceaaary to the management oí firat-claaa hotel in New York. Great tact, are judgment, fine iierve, and what the Kev. obert Collyer calis " tme grit," all must be ïsplayed in the successful management, ometimes all these fail, but perhaps the most otable instance of immediate and permanent uccess ia found in the steady and increasing opularity of the Grand Central Hotel, on h-oadway, New York. Conibined with its management, to a great degree, the Grand eutral owes its fine success tothe liberal plan : adjusting ite ratea according to the location : the room occupied. ïhis, with a bilí of fare ardly equaled by any hotel table in New Tork, six meals per diem, is secuied at the ate of from $3 to Ï4 per day, according to ïoice in selecting the floor desired.