Such a subject commends itself with an absorbing interest to the labors of the statesman and the mind of the patriot, and should find a ready and zealous advocate in the bosom of every intelligent freeman who cultivates the soil of liberty, or in any way desires the glory and happiness of his fellow man. The moral regeneration of that country, the very ruins of which have acquired such interest from the pen of Stevens—the exploration of its hidden resources, and its re-establishment to its ancient grandeur, renewed by a moral and political regeneration, would outvie the advantages of twenty expeditions for the purpose of improving the commercial condition of the Japanese, or humbling them into unconditional subjection to the power of a superior enemy. * * * * * =GRAHAM’S SMALL-TALK.= =Held in his idle moments, with his Readers, Correspondents and Exchanges.= The Present Volume.—The volume from July to December, just commenced, opens with great promise in the way of an increase of subscribers; and the press from one end of the country to the other gives us the most cheering encouragement in the notices of the July number. When we determined to increase the amount of reading matter—to give our readers 112 pages in every number—we felt assured that the resources at our command, and the intimate acquaintanceship with the taste of our readers which years of editorial efforts on their behalf have given us, would enable us to present a Magazine of far higher literary value than any which had preceded it. Nor were we mistaken. From the first number of the year, the voice of the press and of subscribers, has been emphatic in praise of our new plan. We have gone on adding attractions to the work of various kinds, and trust we have shown a disposition not to be excelled in the general ability and excellence of “Graham” by any competitor or imitator. Our change, has changed the course of others, and we feel that we shall do no violence to truth in publishing the following notices, selected at random from thousands of similar expressions of appreciation by the American Newspaper Press.