The third of a very interesting series of papers on Students' Athletic Management appeared in last Friday's New York Evening Post. This paper is devoted almost exclusively to the financial aspects of athletics here, and treats the matter so fully and concisely that a few extracts will be of interest to the college at large. After explaining the personnel and duties of the Committee on the Regulation of Athletic Sports. commonly known as the Athletic committee, the writer goes on to explain the duties of the graduate treasurer, and the causes which led to the establishment of that office. After a short notice on the affairs of the athletic association, comes a complete statement of the financial condition of the football association, which is as follows:

"In former years Harvard's football expenses have been enormous; but the economical management which has marked the increased efficiency of the FootBall association this fall has greatly reduced the cost of this sport in the university. For the year 1886-89 the total receipts of the association, inclusive of the surplus of $1,181.86 with which the year's account began, were $4,896,88, which sum was $4,043.53 less than the income in 1887-88. The expenses, including the bills payable, were $7,214.38. The debt at the beginning of the present year was, therefore, $2,317.50.

The football season this fall opened with a great outlay in preparing the Springfield grounds for the Yale-Harvard games. In this expense Yale shared. The following summary of the club's revenue and outlay since September is very nearly complete, and has been courteously furnished by the manager for this publication:

RECEIPTS.

Subscriptions, and sale of season tickets. $3,477.00

Princeton game, Cambridge. 5,106.50

Yale game, Springfield. 6,900.00

U. of P. game. Cambridge. 842.75

$16,326.25

EXPENSES.

At Springfield:

Hiring grounds. $100.00

Constructing seats. 1,058.50

Work on field. 233.84

Police. 102.00

Ticket sellers and takers. 64.00

Advertising. 403.50

$1,961.84

Advertising other games. 75.00

Training table, first eleven. 984.28

Training table, 2d eleven. 434.00

Suits. 370.43

Other expenses (estimated). 800.00

$4,625.55

Football debt from last year. 2,317.50

$6,943.05

The other games of the team merely paid expenses, and have not been included in the treasurer's statement, although they would appreciably increase the expenditures and receipts. From the above statement it will be seen that, after deducting the $1,500 reserve permitted by the rules of the Athletic committee, the FootBall association will turn into the hands of the graduate treasurer the magnificent surplus of nearly $8.000.

After a statement of the financial condition of the Baseball association which has a debt of $413.25 due to the falling off in receipts from the Yale games and the reduction in the price of season tickets from $5 to $2.50, comes a short summary of the affairs of the Boat club: The expenses during the last college year were $10,076.17, of which $3.496 was paid for a new steam-launch an unusual expense, which was met chiefly by graduate subscriptions; $880 went for new boats, and $500 for the for the tank in which the crews practice rowing during the winter. The total receipts of the season were $9,918,03, leaving a deficit of $158,14-a very creditable showing. The leading sources of income with the amounts derived from each, were as follows:

Glee and Banjo clubs. $1,150

Other entertainments. 445

Subcriptions by the college. 3,370

Subscriptions by graduates. 2,630

The writer then gives a list of the Athletic organizations and their officers and closes with a short summary of the total expenses of athletics of Harvard. The expenses of the four leading organizations are about as follows:

Income. Outlay.

Baseball. $6,884.77 $7,298.02

Boating. 9,918.03 10,076.17

Tennis. 1,236,71 1,138.95

Football. 16,326,25 6,943.05

$34,365.85 $25,456.19

To this must be added the expenses of the smaller clubs, such as the cricket and shooting clubs which will bring the total up to very near $50,000 or about $25 per man.