FROM Mr. Blakie's own lips, we learn that he has no intention of foreclosing his mortgage on the boats and oars belonging to the four clubs, either this spring or next autumn. It would be very poor policy, besides, if he should foreclose, for he could not get enough money from the boats to cover his loss. Another interesting fact which the Advocate seems to have overlooked is, that Mr. Blakie has a lease of the club boat-house of the Corporation, and that this lease will not expire until a year from next October. If he should sell the boats he would still have the rent to pay on an estate that was bringing him in no income. Mr. Blakie may lock the doors of the boat-house next October, and refuse to admit any one until a sufficient number of paying members is obtained, and this would be a wise course for him to take. In spite of these facts we still think that "the status of the 'house-clubs' for next year does not seem to warrant the discouraging article in the Advocate." There are persons who always look upon the gloomy side of every question, no matter how cheerful the other side may be. There are others who are deeply grieved because the world is not grateful for their good services. Both of these classes of people we pity; we cannot sympathize with them.