IN another column will be found an article showing the cause and nature of the point recently raised by the Harvard Club in regard to a decision of the Board of Overseers. That the board has a right to exclude from its membership all graduates who reside outside of Massachusetts, is a conclusion which the Harvard Club does not accept, and whether it ought to have such a right is the point proposed to be decided. No one, of course, questions the diligence and fidelity of the present board, and it is only to promote the true interests of the University, and to provide against the evils which have arisen from close corporations, that the present step has been taken. Until both sides, however, have been fully heard, it would be hardly fair to pass a judgment; but as the case stands now, we are confident that the Harvard Club has the sympathy of a majority of the graduates, and we wish success to the undertaking.