The Cobden Club, of England, offer a silver medal, under the auspices of the Harvard Finance Club, to any present under-graduate of Harvard College for the best essay on some economic subject.

For the year 1882-3, the following subjects are suggested:

1. The decline and future of American shipping.

2. The effect of the change from slave to free labor in the Southern States of the Union.

3. The practicability of the system of industrial partnership.

A candidate may present an essay on an economic subject other than here mentioned, provided he send in such subject to the secretary of the Finance Club for approval by the committee of award.

The essays must be deposited with the secretary of the Finance Club on or before May 1st, 1883. The title-page must, with an assumed name, state of what class the writer is a member. A sealed letter must be sent in at the same time, under cover with the essay, containing the true name of the writer, and superscribed with his assumed name.

The essays must be written upon letter paper, of the quarto size, with a margin of not less than one inch at the top and bottom, and on each side. The sheets on which the essays are written must be securely stitched together.

The essays must not exceed in length the amount of twenty-five pages of the North American Review.

The author of the successful essay is invited to read it in public at a time and place to be designated by the executive committee of the Finance Club.

Judges. - Dr. J. Laurence Laughlin, Mr. F. W. Tausig and Mr. Hamilton A. Hill.

SAMUEL NORRIS, Sec.Cambridge, Mass.