ALL the descriptions heretofore given of the plan which the President and Fellows have suggested for establishing a savings-fund are partially incorrect. In the first place, it is not an "Annuity" system. Nor does the proposed plan contemplate a reduction in the salaries of those who adopt it. So far as can be ascertained, the substance of what the Corporation wish to do is this: if each officer or instructor in the University will set aside five per cent of his salary for investment, the Corporation will add five per cent and put this sum out at compound interest, thus forming a kind of Savings Bank. Whenever an officer or instructor ceases to be such, he must, unless he has served the number of years requisite for retirement, withdraw his individual fund at the same time. And at the death of a fund-holder his accumulated share is to be paid to his family or other persons designated in his will. The Corporation, therefore, so far from depriving professors of a portion of their salaries, is in reality increasing them by five per cent and providing besides a competency for their families. The plan is certainly a commendable one, and will no doubt, with the proper limitation, be acceptable to those whom it most concerns.