It is a very pretty sight and a most important function in the social world, and as there are no reserved places, the invited ones come as early as eight o'clock in the morning to secure a good place, although the brief exercises do not begin until two o'clock in the afternoon. At that hour the street outside is lined with long rows of carriages, guarded by the smartest of English coachmen, and emblazoned with the oldest of French coats-of-arms. In the court-yard there is a fluttering group of pretty women in wonderful toilets, surrounding a few distinguished-looking men with ribbons in their coats, and encircled by a ring of journalists making notes of the costumes and taking down the names of the social celebrities. A double row of soldiers--for the Institute is part of the state--lines the main hall leading to the chamber, and salutes all who pass, whether men or women. I was so unfortunate as to arrive very late, but as I came in with the American ambassador I secured a very good place, although a most awkwardly conspicuous one. Three old gentlemen in silk knickerbockers and gold chains bowed the ambassador down the hall between the soldiers, and out on to the steps which lead from the desk between the boxes in which sat the Immortals. There they placed two little camp-stools about eight inches high, on which they begged us to be seated. There was not another square foot of space in the entire chamber which was not occupied, so we dropped down upon the camp-stools. We were as conspicuous as you would be if you seated yourself on top of the prompter's box on the stage of the Grand Opera-house, and I felt exactly, after the audience had examined us at their leisure, as though the Secretary was about to suddenly rap on his desk and auction me off for whatever he could get. Still, we sat among the Immortals, if only for an hour, and that was something. The venerable Secretary peered over his desk, and the other Immortals gazed with polite curiosity, for the ambassador had only just arrived in Paris, and was not yet known. The gentleman on the right of the Secretary was François Coppée, a very handsome man, with a strong, kind face, smoothly shaven, and suggesting a priest or a tragic actor. He wore the uniform of the Academy, which Napoleon spent much time in devising. It consists of a coat of dark green, bordered with palm leaves in a lighter green silk; there are, too, a high standing collar and a white waistcoat and a pearl-handled sword. The poet also wore a great many decorations, and smiled kindly upon Mr. Eustis and myself, with apparently great amusement. On the other side of the President, back of Mr. Eustis, was Comte d'Haussonville; he is a tall man with a Vandyck beard, and it was he who was to read the address of welcome to the Vicomte de Bornier.