The New President of Yale.

Thursday morning the Yale Corporation held an election for president, to fill the vacancy made by the resignation of President Porter. The nominations were secret, yet it is thought that the following gentlemen were the candidates: Professor Timothy Dwight, President Francis A. Walker of the Mass. Institute of Technology, President Gilman of Johns Hopkins University, and Professor Brush of the Yale Scientific School. A number of ballots were taken without result, but on the final ballot, Professor Timothy Dwight, professor of sacred literature in the Yale Divinity School, was unanimously elected. Professor Dwight will be inaugurated the day following commencement.