The President's report, an abstract of which we publish to-day, shows a most gratifying progress and growth in every department. Harvard is no longer a college, and truly deserves its title of University, while it bids fair to rival the older institutions of Europe. One part of the report is most pleasing to all the friends of a really liberal education. When Greek and Latin were made elective, it was predicted that they would be neglected for the other studies, but such has not been the case. Greek has, indeed, lost somewhat, as it is less essential to the professional and business man; while the entrance Greek gives a good idea of the language and literature. Latin, however, has held its own, as it is indispensable in law and medicine, besides giving a mental training which the modern languages cannot supply. The proposal of the medical and law faculties deserves special commendation. In this age of competition few men can really afford to spend seven or eight years of the best part of their lives in unrenumerative study. The young man who goes into business is already earning his living when he who has chosen a professional career is just making his start. The age at which men graduate has showed a continual tendency to advance, and few now leave the college before they are twenty-three years old. To counteract this tendency, which, although theoretically advantageous, is practically very inconvenient. Time must be saved wherever possible, since the faculties who are most conversant in the subject recommend the shortening of the period of study. We hope to see the necessary action soon taken, so that those who are now in college may reap the benefits, especially since by proper conditions this privilege can be protected from abuse.