E. FATAL BALLOON ADVENTURE. ASCENT AND FATAL DESCENT IN A PARACHUTE, OF MR. COCKING, OF ENGLAND. PROBABLY since the melancholy result of Madame BLANCHARD's ascent in a balloon, in France, no circumstance connected with these aërial ships has created a more general and intense excitement, than the awful termination of a recent adventure in the air by a Mr. COCKING, of the metropolis. The London daily journals, and indeed periodicals of every class, are rife with the thrilling particulars of the catastrophe. We gladly avail ourselves of the kind courtesy of the Editor of the '_Albion_,' to lay them, in a condensed form, before our readers, accompanied with two engravings, explanatory of the dreadful event. It should be premised, that the balloon is the same in which the distinguished aëronaut, Mr. GREEN, accompanied by two or three English gentleman, made the well-known night-ascension and journey, which terminated at day-break the next morning in a German province, several hundred miles from London. The present ascent was made from Vauxhall Gardens, London, in the presence of an immense concourse of people. The parachute was the invention of the unfortunate man, whose coffin it finally proved, and was of a novel construction, being in the form of an umbrella reversed, the cavity containing the air being turned uppermost, to prevent disastrous oscillation. It was constructed of fine Irish linen, and was one hundred and seven feet in circumference. A car of wicker-work was suspended to it, in which sat the ill-fated victim, expressing confidence of success, but evincing, by restless looks and a nervous manner, that it was a confidence which he did not feel. Prior to the parachute being attached to the balloon, Mr. GREEN caused a trial to be made with the view of ascertaining whether the buoyancy of the latter was sufficient to carry up the former with safety. The result of this trial, (after some arrangements with respect to the ballast, of which he was compelled to give out six hundred pounds, had been effected,) was satisfactory. The abandonment of this large quantity of ballast he found to be absolutely requisite, in order with safety to commence the ascent. The balloon was then allowed gently to rise a sufficient height to be conveyed over the parachute; and 'at twenty minutes before eight o'clock, every thing being in readiness and the parachute attached to the car of the balloon, the ascent took place. Nothing could be more majestic. The weight and great extent of the parachute apparently rendered the motion of the balloon more steady than on any former ascent, and the almost total absence of wind assisted in keeping the balloon in a perfectly perpendicular position. There was not the slightest oscillation; the balloon and parachute sailed through the air with a grandeur that exceeded any thing of the kind ever before witnessed, and continued in sight for about ten minutes.