New Year's day is one of the institutions of New York. Its observance was instituted by the Dutch, who made it a point never to enter upon the new season with any but the most cheerful spirits. They made it a time for renewing old friendships, and for wishing each other well. Each family was then sure to be at home, and social mirth and enjoyment ruled the hour. Old feuds were forgotten, family breaches were healed, and no one thought of harboring any but kindly feelings for his relatives or friends. The jolly old Knickerbocker sat in the warm light of his huge hearth, and smoked his long pipe in happiness and peace, while his children and children's children made merry round about him. Subsequent generations have continued to observe the custom, and to-day it is as vigorous and fresh as it was when New Amsterdam was in its primitive glory. GETTING READY. For weeks before the New Year dawns, nearly every house in the city is in a state of confusion. The whole establishment is thoroughly overhauled and cleaned, and neither mistress nor maid have any rest from their labors. The men folks are nuisances at such times, and gradually keep themselves out of the way, lest they should interfere with the cleaning. Persons who contemplate refurnishing their houses, generally wait until near the close of the year before doing so, in order that everything may be new on the great day. Those who cannot refurnish, endeavor to make their establishments look as fresh and new as possible. A general baking, brewing, stewing, broiling, and frying is begun, and the pantries are loaded with good things to eat and to drink. All the family must have new outfits for the occasion, and tailors and _modistes_ find this a profitable season. To be seen in a dress that has ever been worn before, is considered the height of vulgarity. The table is set in magnificent style. Elegant china and glassware, and splendid plate, adorn it. It is loaded down with dainties of every description. Wines, lemonades, coffee, brandy, whiskey and punch, are in abundance. Punch is seen in all its glory on this day, and each householder strives to have the best of this article. There are regular punch-makers in the city, who reap a harvest at this time. Their services are engaged long beforehand, and they are kept busy all the morning going from house to house, to make this beverage which is nowhere so palatable as in this city.