The following is a statement of various prizes which have been offered by outside institutions for 1906-07, and which are open to members of different departments in the University.

University of Chicago Prizes.

The University of Chicago has offered four prizes for essays on economic subjects, to be awarded in 1907. A first prize of $1000, and a second prize of $500 are offered for the best essay presented by Class A, composed of all persons who have received the bachelor's degree from an American college since 1895. A first prize of $300, and a second prize of $150 are offered for the best essays presented by Class B, composed of persons who, at the time the papers are submitted, are undergraduates of any American college. No one in Class A may compete in Class B, but any one in Class B may compete in Class A. The Committee of Awards reserves the right to award the two prizes of $1000 and $500 to undergraduates if the merits of the papers demand it.

Any one of the following subjects may be taken:

1--The practical wisdom of freeing raw materials, essential to subsequent manufactures, from customs-duties when entering the United States.

2--The best methods of obtaining an elastic currency in times of panic.

3--To what extent, and in what form, are socialistic tenets held in the United States?

4--In what respect, and to what extent, have combinations among American railways limited or modified the influence of competition?

5--The best methods of avoiding resort to force by labor unions in their contests with employers.

6--The effect of "trusts" on the prices of goods produced by them.

7--How far does the earning power of skill obtain under a regime of trade unions?

8--A critical study of modern commercial methods for distributing products to consumers.

9--The development of economic theory since John Stuart Mill.

All essays should be sent to J. L. Laughlin of the University of Chicago before June 1, 1907.

Chemistry Prize for Graduate Students.