Following the policy pursued in recent years the greater part of the progress of the university is in the direction of the graduate school, and the increased opportunities offered are those of graduate work and special research. There are many reasons for this. The undergraduate department is more in a position which the economists might call "the stationary state;" the system of undergraduate education has been worked out until there is less left to be done than in the higher departments of study. In the graduate school there is more room for progress. Then again it is the avowed policy of the university to build up as great a graduate school as possible, and to make Harvard pre-eminently an institution for the advancement of higher education. For this end there have appeared year by year in the announcement of courses additional courses in special research and in other work of an advanced character. If the university has the resources to carry on in an adequate way both the graduate and the undergraduate department, no college could do more for the cause of education. But Harvard must always be careful not to be carried away in its zeal for higher education, and be led to neglect the ground work of the whole structure, the undergraduate college.