..—y-,,—^ -rrr* —.—-—7—-—■ — -»■Commencement.This has been an important day for the Wisconsin University. Its first commencement has taken place, and its graduates are among u§.— The day has been delightful. The sun shone brightly, and a gentle and bracing wind from the north-west rendered it pleasant in the extreme. At an early hour signs of preparation were visible. The students were active in their efforts to make everything pass off agreeably ; and most admirably did they succeed. At half-past nine o’clock, on the ringing of the church bell, the Madison band commenced playing upon the top | ot the Capitol, and the people assembled in the park. A procession was immediately formed by Col. N. W. D*an, Marshal, and, preceded by the band, marched to the Baptist Church, where the exercises were held.THpra IpI: tut Kiirrcrpfit. tn tha nAnnift ftf