The painter of a picture worth so high a sum needs not the assistance which the lottery affords; and although it may be urged, that some one possessing sufficient taste, but insufficient means to indulge that taste, might, perchance, obtain the high prize, it is evident that such bald reasoning is adduced only to support individual interest. The principle is, consequently, inimical to those upon which the Art-Union of London was founded; and, farther, it is most undeniable, that more general good, and consequent satisfaction, would arise both to the painter and the public (i.e. that portion of the public whose subscriptions form the support of the undertaking), had the large prize been divided into two, four, or even six other, and by no means inconsiderable ones. We are fully aware of the benefits that have been conferred and received, and that must still continue to be so, from this praiseworthy undertaking. As an observer of these things, we cannot withhold expressing our opinions upon any part of the system which, in honest thought, appears imperfect, or not so happily directed as it might be. But should PUNCH become prosy, his audience will vanish. To prevent those visitors to this exhibition, who do not profess an intimacy with the objects herein collected for their amusement, from being misled by the supposititious circumstance of the highest prize having commanded the best picture, we beg to point to their attention the following peculiarities (by no means recommendatory) in the work selected by the most fortunate of the _jewel-hunters_; it is catalogued "The Sleeping Beauty," by D. Maclise, R.A., and assuredly painted with the most independent disdain for either law or reason. Never has been seen so signal a failure in attempting to obtain repose by the introduction of so many sleeping figures. The appointment of parts to form the general whole, the first and last aim of every other painter, D. Maclise, R.A., has most gallantly disregarded. If there be effect, it certainly is not in the right place, or rather there is no concentration of effect; it possesses the glare of a coloured print, and that too of a meretricious sort--incidents there are, but no plot--less effect upon the animate than the inanimate. The toilet-table takes precedence of the lady--the couch before the sleeper--the shadow, in fact, before the substance; and as it is a sure mark of a vulgar mind to dwell upon the trifles, and lose the substantial--to scan the dress, and neglect the wearer, so we opine the capabilities of D. Maclise, R.A., are brought into requisition to accommodate such beholders. He has, moreover, carefully avoided any approximation to the vulgarity of flesh and blood, in his representations of humanity; and has, therefore, ingeniously sought the delicacy of Dresden china for his models. To conclude our notice, we beg to suggest the addition of a torch and a rosin-box, which, with the assistance of Mr.