In speaking of endowments the writer very justly says: "It is a pity that the donors could not be judicious as well as liberal. Nearly all their gifts have the same vicious quality that has hampered the endowments of our colleges from the beginning; they are specific instead of general." He adds: "What our colleges stand in urgent need of is funds for general purposes, money which the trustees can apply where it is most needed." Finally he comes to the conclusion that it is becoming the fashion to endow the student instead of the professor, and that these scholarships, memberships, etc., instead of aiding meritorious students, offers to promising students an opportunity to coach the wealthy men, and thus the grade of scholarship is raised.
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The Canoe Club Regatta.
