The political department will be controlled by HON. ROBERT J. WALKER and HON. FREDERIC P. STANTON, of Washington, D.C. Mr. WALKER, after serving nine years as Senator, and four years as Secretary of the Treasury, was succeeded in the Senate by JEFFERSON DAVIS. MR. STANTON served ten years in Congress, acting as Chairman of the Judiciary Committee and of Naval Affairs. MR. WALKER was succeeded as Governor of Kansas by MR. STANTON, and both were displaced by MR. BUCHANAN, for refusing to force slavery upon that people by fraud and forgery. The literary department of the Magazine will be under the control of CHARLES GODFREY LELAND of Boston, and EDMUND KIRKE of New York. MR. LELAND is the present accomplished Editor of the Magazine. MR. KIRKE is one of its constant contributors, but better known as the author of "Among the Pines," the great picture, true to life, of Slavery as it is. THE CONTINENTAL, while retaining all the old corps of writers, who have given it so wide a circulation, will be reenforced by new contributors, greatly distinguished as statesmen, scholars, and savans. * * * * * ENTERED, according to Act of Congress, In the year 1862, by JAMES R. GILMORE, in the Clerk's Office of the District Court of the United States for the Southern District of New York. JOHN F. TROW, PRINTER.