THE Corporation has been much blamed for not having the buildings insured. If this is not done, we may be sure that it is because, in the judgment of the gentlemen who have so successfully managed the property of the University during the difficult period through which we have just passed, the risk is less than would warrant the annual payment of a very large aggregate premium for insurance. That there is a chronic want of money for improvements, and even for necessary expenses, is not the fault of those who manage the finances of the College, but because too little has been so devised that it can be employed for present needs. If there were funds available, it would perhaps be advisable for the College to insure itself, by yearly putting aside a certain amount - say one half of what the insurance would be - as a sinking-fund, to provide against the losses by fire which must inevitably occur from time to time.
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PROPERTY FOR HARVARD COLLEGE.
