From the extracts which we publish this morning of the fifth and sixth annual reports of the American School at Athens may be seen how great is the activity and how extensive the work accomplished by this institution. The colleges which six years ago continued to start this excellent institution have earned the gratitude of a large body of men interested in Greek archaeology and Greek literature. Through the earnest efforts of the committee which has conducted the management of the school, it has been placed on a level with the English and French schools which exist in Athens for the pursuit of the same studies. The excellence of the work done by the American students is in every way equal to that done by the others, and is hardly overshadowed by the work of Germany's younger scholars. The volumes of the papers of the school which will appear this year will contain some of the most valuable archaeological work ever done by Americans. The excavations at Assos, which may be termed a Greek Pompeyi, are of extraordinary value and interest.

Every American ought to feel proud of the eminent results attained by this institution, which is supported wholly by Americans. In order to get the fund of $100,000, the income whereof is to pay the salary of a permanent director for the school, great efforts are being made this winter. Dr. Charles Waldstein, whom we had the privilege of hearing in Cambridge last year, has been chosen as the first permanent director.

If any men in college feel a sufficient interest in this school, which redounds so greatly to America's intellectual glory, as to contribute something toward this fund, the committee who have the matter in hand would be very much gratified.