[The building fund of L500,000 left by Mr. Peabody for the benefit of the poor of London has now been increased by rents and interest to L857,320. The whole of this great sum of money is in active employment, together with L340,000 which the trustees have borrowed. A total of L1,170,787 has been expended during the time the fund has been in existence, of which L80,903 was laid out during 1884. The results of these operations are seen in blocks of artisans' dwellings built on land purchased by the trustees and let to working men at rents within their means, containing conveniences and comforts not ordinarily attainable by them, thus fulfilling the benevolent intentions of Mr. Peabody. At the present time 4551 separate dwellings have been erected, containing 10,144 rooms, inhabited by 18,453 persons. Thirteen new blocks of buildings are now in course of erection and near completion. Indeed, there is no cessation in the work of fulfilling the intentions of the noble bequest.--_Boston Journal_, Mar. 7, 1885.] [Illustration: BAYARD TAYLOR.] BAYARD TAYLOR. Since Samuel Johnson toiled in Grub Street, London, literature has scarcely furnished a more pathetic or inspiring illustration of struggle to success than that of Bayard Taylor. Born of Quaker parentage in the little town of Kennett Square, near Philadelphia, Jan. 11, 1825, he grew to boyhood in the midst of fresh air and the hard work of farm-life. His mother, a refined and intelligent woman, who taught him to read at four, and who early discovered her child's love for books, shielded him as far as possible from picking up stones and weeding corn, and set him to rocking the baby to sleep. What was her amazement one day, on hearing loud cries from the infant, to find Bayard absorbed in reading, and rocking his own chair furiously, supposing it to be the cradle! It was evident, that, though such a boy might become a fine literary man, he could not be a successful baby-tender. He was especially eager to read poetry and travels, and, before he was twelve years old, had devoured the contents of their small circulating library, as well as Cooper's novels, and the histories of Gibbon, Robertson, and Hume. The few books which he owned were bought with money earned by selling nuts which he had gathered. He read Milton, Scott, Byron, and Wordsworth; and his mother would often hear him repeating poetry to his brother after they had gone to bed. He was always planning journeys in Europe, which seemed very far from being realized. At fourteen he began to study Latin and French, and at fifteen, Spanish; and a year later he assisted in teaching at the academy where he was attending school.