It will hardly be supposed that these gentlemen had proceeded thus far without having distinctly considered the final destination of their purchase. They decided that the building--the first wonderful example of a new style of architecture--should rise again greatly enhanced in grandeur and beauty; that it should form a Palace for the multitude, where, at all times, protected from the inclement varieties of our climate, healthful exercise and wholesome recreation should be easily attainable. To raise the enjoyments and amusements of the English people, and especially to afford to the inhabitants of London, in wholesome country air, amidst the beauties of nature, the elevating treasures of art, and the instructive marvels of science, an accessible and inexpensive substitute for the injurious and debasing amusements of a crowded metropolis;--to blend for them instruction with pleasure, to educate them by the eye, to quicken and purify their taste by the habit of recognising the beautiful;--to place them amidst the trees, flowers, and plants of all countries and of all climates, and to attract them to the study of the natural sciences, by displaying their most interesting examples;--and making known all the achievements of modern industry, and the marvels of mechanical manufactures;--such were some of the original intentions of the first promoters of this national undertaking. Having decided upon their general design, and upon the scale on which it should be executed, the Directors next proceeded to select the officers to whom the carrying out of the work should be entrusted. Sir JOSEPH PAXTON, the inventive architect of the great building in Hyde Park,was requested to accept the office of Director of the Winter Garden, Park, and Conservatory, an office of which the duties became subsequently much more onerous and extensive than the title implies. Mr. OWEN JONES and Mr. DIGBY WYATT, who had distinguished themselves by their labours in the old Crystal Palace, accepted the duties of Directors of the Fine Art Department, and of the decorations of the new structure. Mr. CHARLES WILD, the engineer of the old building, filled the same office in the new one. Mr. GROVE, the secretary of the Society of Arts, the parent institution of the Exhibition of 1851, was appointed Secretary. Mr. SAMUEL PHILLIPS was made Director of the Literary Department. Mr. FRANCIS FULLER, a member of the Hyde Park Executive Committee, accepted the duties of Managing Director, Mr. SAMUEL LAING, M.P., the chairman of the Brighton Railway Company, became Chairman also of the New Crystal Palace, and Messrs. FOX and HENDERSON undertook the re-erection of the building. With these arrangements, a Company was formed, under the name of the Crystal Palace Company, and a prospectus issued, announcing the proposed capital of £500,000, in one hundred thousand shares of £5 each. The following gentlemen constituted the Board of Directors:--