The foundation-stone of the metropolitan monument in memory of Sir Walter Scott was laid with masonic honours on Saturday last. The day was pleasant, and the pageant imposing. All business seemed suspended for the time; the shops were shut. The one half of Edinburgh had poured into the streets, and formed by no means the least interesting part of the spectacle. Every window and balcony that overlooked the procession, every house-top almost, had its crowd of spectators. According to the poet, 'Rank behind rank, close wedged, hung bellying o'er;' while the area below, for many hundred yards on either side the intended site of the monument, presented a continuous sea of heads. We marked, among the flags exhibited, the Royal Standard of Scotland, apparently a piece of venerable antiquity, for the field of gold had degenerated into a field of drab, and the figure in the centre showed less of leonine nobleness than of art in that imperfect state in which men are fain to content themselves with semblances doubtful and inexpressive, and less than half the result of chance. The entire pageant was such a one as Sir Walter himself could perhaps have improved. He would not have fired so many guns in the hollow, and the grey old castle so near: he would have found means, too, to prevent the crowd from so nearly swallowing up the procession. Perhaps no man had ever a finer eye for pictorial effect than Sir Walter, whether art or nature supplied the scene. It has been well said that he rendered Abbotsford a romance in stone and lime, and imparted to the king's visit to Scotland the interest and dignity of an epic poem. Still, however, the pageant was an imposing one, and illustrated happily the influence of a great and original mind, whose energies had been employed in enriching the national literature, over an educated and intellectual people. It is a bad matter when a country is employed in building monuments to the memory of men chiefly remarkable for knocking other men on the head; it is a bad matter, too, when it builds monuments to the memory of mere courtiers, of whom not much more can be said than that when they lived they had places and pensions to bestow, and that they bestowed them on their friends. We cannot think so ill, however, of the homage paid to genius.