The current number of the Graduates' Magazine is interesting because it devotes a large part of its space to an account of President Eliot and his work for the University. The President's inaugural address of 1869 which is reprinted in full deserves the atttention of all Harvard men. To quote from the Editor's note--" by comparing his recommendations in it with the actual Harvard of today, the reader can estimate the clearness with which President Eliot foresaw what was needed to create a great university, structurally complete, and in what manner he has been able to carry out his plans."

Among articles that discuss present problems of the University may be mentioned as especially timely one on "The Deficit: How to Meet It," by M. Reed '68, and another by A. L. Lowell '77 on "Dormitories and College Life," "The University in its Relations to Cambridge," by G. H. Cox shows how Cambridge is benefited by the presence of the University, and should do much to answer criticism of the University's untaxed land. Interesting statistics, showing the beneficial effects of rowing, are embodied in "Harvard University Oarsmen" by S. L. Meylan S.'02. Among the University notes, which, together with news from the graduates, and other regular departments, complete an instructive issue of the magazine, there appears the announcement of a gift of $150 to the Editor, to be used for prizes for the best three articles on the possibility and necessity of establishing a modified English college system at large American universities, with particular reference to Harvard.