The report of of the Dean deals largely with the development of the school and library. The receipts of the school have again greatly exceeded the expenditures; and it has now laid up a balance of $76,301.20.

The faculty of the Medical School adopted, in the year 1892-93, the rule requiring four years of study for the degree of Doctor of Medicine. It was expected that this rule would reduce the number of students, but on the contrary, the school is larger than ever before.

The report then takes up the lesser departments in order of importance, and shows the increase in the numbers of each, and the principal changes which have occurred in these schools during the year.

The Treasurer's report shows that the year 1892-93 was a costly one. The increase in expenditures resulted chiefly from an increase in the number of salaries, and was made necessary by the increase in the number of students.

Whatever the causes of these deficits, it is the duty of the Corporation to contract somewhat the annual expenditures of the college, the Graduate School, and the library. Measures to this end were promptly taken as soon as the accounts of the year 1892-93 had been made up.