The following is an extract from a statement explanatory of Cornell's policy published with the above letters:

ITHACA, N. Y., Jan. 12.- Without unreasonable inconvenience, rowing three races was out of the question and rowing two races in two different places was to be avoided. Cornell was concerned about two things-first, a place for a fair and complete test; second, an arrangement whereby she could meet all competitors. The rumor that at an informal meeting of the captains at Albany, Cornell demanded an agreement for a term of years, is not true. Captain Colson had no instructions to demand anything of the sort.

When on December 24, word was received from Harvard that she would take the risk of New London's course being appropriate for three crews the matter was ready for settlement. At the first meeting after the Christmas recess, complete and final action was taken. This action will it is believed be satisfactory to all parties. If Yale names the place this year, it is expected that she will allow Cornell to name the place next year. Harvard asks no privileges this year; there is hence no need of any proviso in accepting her challenge. Yale's suggestion of a willingness to merge her race of this year in a triangular one also is accepted, only the race is agreed upon. Cornell asks to name the place of the Yale-Cornell race next year. She does not hereby put any pressure upon Harvard, whose convenience would have to be considered, if another triangular race were desired.

Following is a letter to Yale suggesting the formation of a rowing association:

ITHACA, N. Y., Jan. 11.

Mr. Payne Whitney, Captain of the Yale University Crew:

DEAR SIR:- After accepting the propositions of the Yale University boat club for a race on the terms proposed by Yale, the Cornell navy wishes to express its own preference in general for an open regatta controlled by the five universities usually participating in rowing. Such a regatta Cornell always stands ready to enter. In case, however, it is impossible to organize such regatta, Cornell still believes that, in view of the complications which are arising from the difficulty of arranging races and dates among these five universities, it would be advantageous to all and beneficial to college rowing, if a rowing association representing the five should be formed. Such an association could, at least by the convenience of a conference it would afford, facilitate the task of arranging places and dates, in case two eight-oared races are rowed and also aid in broadening the scope of rowing competition by introducing, for instance, rowing in four-oars, pairs or singles,

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