A terrible accident occurred on Sunday, 19th October, through which Chas. 11. Williams, the manager of Woodward's Gardens, and. Professor S. W. Colgrove, the aeronaut, lost their li^s. The usual Sun day asceusion in the monster balloon, General Grant, from the amphitheatre of Woodward's, was announced to take place in tbe afternoon, and from 5,000 to 7,000 people Js&d congregated in the amphitheatre aud on the pavilion balcony and other co%os of vantage on the ground, to witness tl.\e feat. A high west wind Which pre vailed during the afternoon increased almost to a gale ; hut the daring aeronaut an nounced his determination to make the ascension, although Professor Martin, tlie neroniuu. and others endeavoured to dis suade him from making the attempt. The balloon, which had a capacity of 50,000 feet, seemed to be inflated to its full capa city, »nd shot up rapidly 150 feet into the air. It then ascent! Ed slowly to about a height of 300 feet and then slowly descended. Iv the descent the balloon was struck by a strong southwest current aud moved off in a south-westerly direction, all the while descending. Two bags x)f sand were thrown out, but it did not stop the descent. The balloon passed <over Mission-street at an altitude of about 150 or 175 feet. The crowd instinctively felt that the aeronauts were in imminent daDger and a rush Was niade tor the entrance, through Which the multitude surged. By the time Howard street was reached it had descended so near the earth that it violently struck tlie tele; graph wires on the south side of that street, between Thirteenth and Fourteenth. The wires were torn off the pole", and the bal loon, free again, proceeded on its way. The contact with the wires had evidently severed some of the ropes attaching the basket to the balloon, for, the aeronauts were seen clinging to the sides of the basket, which was tipped sideways. On the east side of Howard-street the balloon struck the chimney of a house on the corner of Fourteenth-street, aud tore it down. As the balloon passed over Folsom-street, between fourteenth and Fifteenth, about 150 feet above the ground, Williams fell out of the basket, and a second later Was followed by Colgrove. Williams tell on the sidewalk, head first, and was instantly killed. 