Already, twenty-five artists of respectability of this city await one effort of the American Academy to reëstablish its original standing and reputation, and they will join heart and hand to oppose the Academy of Design (truly so called) by every work of their hands done and to be done. The one effort alluded to is to procure at a reasonable rent say from 800 to 1000 dollars per annum the second story of the large and splendid building now erecting corner of Anthony Street and Broadway. The undersigned is perfectly well assured that from $1000 to $1500 per annum can be realized (exclusive of rent) from daily exhibitions of the works of living artists not in connection with the National Academy. He is fully satisfied from late observations that twenty-five new pieces or paintings can be procured monthly, all of which may be procured on loan for one month at least. This being the case the Academy must eventually and in a very short time supplant the puny efforts of a few National Esquires, a majority of whom are scarce entering their teens. The subscribing artist respectfully informs you that the exhibition of the rough specimens of his art, viz., “The Inquisition of Spain,” at No. 315 Broadway, did positively realize to him, in eighteen months, _Seven thousand and sixty-nine dollars_. If, then, such an exhibition could realize such a sum, what would an exhibition of splendid historic and allegoric subjects, with portraits, miniatures, and landscapes by our native artists, not realize under the guidance of such a respectable board of directors as is that of the American Academy of Fine Arts?