A richly endowed university is in progress of construction at Worcester, Mass. The plans and intentions of the founder are given in another column. There is a question in the minds of many learned and able men whether the munificent sum donated by its founder, Mr. Clark, could not have been used to better purpose by endowing one of the many small colleges struggling for an existence, or by placing the money in the hands of the trustees of some university like Harvard. Doubtless great good would have been done in either case. Be that as it may, Mr. Clark has seen fit to add one more to the already large list of colleges and this one is to be carried on as an ideal creation of his own mind. Whether he will be successful in his design, years only will tell. We cannot but look upon this institution as a possible rival of our own University, but we can console ourselves with the thought that such an institution as Mr. Clark has conceived, is the result of years of development and growth; that such an institution cannot spring into existence like a mushroom, no matter how great a golden mine is available, nor how deep the purse of the founder. Mr. Clark is doubtless sincere in thinking that another institution of learning is necessary in the State, but we consider that Harvard, Yale and the rest of our eastern colleges are amply able and competent to instruct all seekers after the higher branches of learning. Besides Harvard is abundantly able and willing to assist in a pecuniary way all those whose means are inadequate to an attendance here unless assistance is rendered them; and it has been Harvard's boast that no faithful student need leave college for lack of support and assistance.