Webster will undoubtedly be hung.--A good deal of public interest has been enlisted in the performances of the new American line of Transatlantic steamers, running between New York and Liverpool. There are to be five steamers in the line, but only two of them have as yet been finished. These two are the _Atlantic_ and the _Pacific_, the former of which has made two trips, and the latter one, each way. On the morning of Sunday, July 21st, the _Atlantic_ arrived at New York at 3 o'clock, having left Liverpool on the 10th, at 11 o'clock A.M.--making the passage in ten days and sixteen hours, the shortest by several hours ever made between the two ports. Her passage out was also very short. These trips have confirmed the opinion which has very generally been entertained, that the Americans would speedily have a line of steamers on the ocean superior in speed, comfort, and elegance to those of the Cunard Company which have hitherto enjoyed so high a reputation.--Mr. E. GEORGE SQUIER, U. S. Charge near the government of Nicaragua, has returned to this country on a brief visit. We learn that he has made a very full record of his observations upon the country in which he has been residing, and that very volumnious papers from him on the subject are in possession of the State Department. It is to be hoped that they may be given to the public.--The initial steps have been taken in Virginia toward an enterprise of decided importance to the southern states if it should be carried out: it is nothing less than the establishment of direct intercourse by a line of steamers between some southern port and Liverpool, for the export of cotton and other articles of southern growth, and for the transmission of southern correspondence, &c. The meeting of delegates was held at Old Point on the 4th of July, and committees were appointed to make proper representations on the subject to Congress and the state Legislature, and to take such other steps as they might deem essential.--A convention was held at Syracuse of persons favorable to maintaining the existing Free School System of the State of New York. The necessity for such action grows out of the fact that the principle is to be submitted to the popular suffrage in November. The Legislature of 1848 passed a law making education in the common schools of the state absolutely free to all the children who might choose to attend, making the law dependent for its validity on its adoption by the people. Accordingly it was submitted to them in November, 1848, and was sanctioned by a majority of over 90,000. It accordingly went into effect. At the last session of the Legislature, however, petitions were sent in, in great numbers, some of them praying for the entire repeal of the law, and others for its essential modification. The opponents of the law resisted the principle that property should be taxed for purposes of education, inasmuch as men of property would thus be compelled to pay for educating children not their own.