The announcement was made in our issue of yesterday of a new university with a princely endowment to be founded in Massachusetts. We certainly would not say a word to discourage the use of wealth for the spreading abroad of education in any part of the world whatsoever. Such affection would ill befit us above all others, since we enjoy the highest of such advantages for learning. But we think more discretion might be observed in the manner of employing such an amount of money. If this million and a half had been given to some of the struggling universities in the West or with it a new one had been founded out there where the advantages are fewer it strikes us that more real good might have been accomplished. As it is, within a few miles of the place in which the new Clark University is to be founded, stand two of the oldest and largest universities in the country; and within a surrounding territory not larger than some single western states which has no good university, are found Harvard, Yale, Williams Dartmouth, Brown, Bowdoin and Colby. We cannot have too many endowments of this generous kind for educational purposes in our young country; but with all respect to the good intentions of the donor, we cannot help feeling that in view of the great wants elsewhere and the superabundance in this locality, the gift is rendered comparatively useless by the conditions which bind it.