THERE has been some dissatisfaction expressed with the boat-club system on the ground that very often all the boats of one club are in use, while many of the boats of the others are on the rests, so that men are obliged to go away without a row, though there are several boats in the house. Some persons are therefore in favor of having only one large club for the whole College, for they prefer an arrangement which will give each man the best opportunities for rowing to one which will train oarsmen at the expense of other members. These men are sometimes disposed to prefer their own convenience to the interests of the University crew, but there is also a feeling, though not very strong as yet, that an annual University crew is a very expensive amusement, and that, unless we are sure of victory, le jeu ne vaut pas la chandelle. On this account the crew should make it a point not to run into debt, or, at any rate, they should realize the necessity of avoiding all waste of money. Most of the trouble, however, about getting boats has been in the Holworthy club, which has been so small that it was only entitled to three seats beside the six and four oared boats; but perhaps its splendid record in the races will make up for the inconvenience its small size may have caused.