Can-can! Good gracious! if heels go higher in the Sapphire than in the
Can-can, may we not be pardoned for inquiring, "What next?"

* * * * *

Nought for Nought.

Alas! that poor SYPHER should Cipher to gala
A seat he must evermore Sigh for in vain;
But why should we Sigh for poor SYPHER'S defeat,
When his friends couldn't Cipher him into his seat.

* * * * *

Entered, according to Act of Congress, in the year 1870, by the
PUNCHINELLO PUBLISHING COMPANY, in the Clerk's Office of the District
Court of the United States, for the Southern District of New-York.

* * * * *

THE FINE ARTS IN PHILADELPHIA.

PHILADELPHIA, April 12.

Dear PUNCHINELLO: A few days since I received a card of invitation for
admission to a private view of a very fine collection of pictures, by
European and American artists. I visited the galleries, accompanied by
an amateur friend who has a fine artistic education, having travelled
some six months on the Continent. Being engaged in the picture-auction
business, I am not altogether a tyro in art, and determined to send you