The Fifth Annual Festival of the Shipmasters' Relief Association, which will take place on the 29th inst., will be, we have no doubt one of the most brilliant of the series of balls given by them. The writer of this is in correspondence with people from abroad, who intend to honor the occasion with their presence, and from the fact that the institution has earned a wide reputation for usefulness and efficiency, it is the day of old local friends to extend at least their usual patronage. I am will aware the times are hard; still, they should for the honor of the city, and this, one of their peculiar institutions, see that it is sustained at this time, perhaps more so than at any other. Other cities are establishing like institutions, and they will be represented on this occasion. The loss of life last season by marine disasters, was greater than usual, having added five more widows and sixteen orphan children to the responsibilities of the Association, making at present 17 widows and 68 orphans; and this is not the whole number, for many other firesides than those of Oswego, have been made vacant-victims to the commerce of our city.
The suffering privation and death experienced on the lakes, was sadly demonstrated last fall, but few realize its extent after all. The privations of lake navigation are paralleled only on the broad ocean, as the case o the noble Capt. Herndon, of the Central America. His devotion and sacrifice to the welfare of the women and children under his charge, is worthy of remembrance. I would, therefore, suggest that a box inscribed with the words, "To the widow of Capt. Herndon, by the Citizens of Oswego,: be placed in an accessible point for contributions at the Ball, and also be placed in the Court room, during the approaching term, and afterwards transmitted to the widow of the noble Herndon, with its contents.