Following the same broad lines that have made our Law School the foremost in the land, and placed our Medical School on the high road to becoming so, this University has now established a School of Business Administration. It was President Eliot who foresaw that professional schools must receive only holders of the bachelor's degrees; and to him must go the credit for the greatness of our University, which, as he himself has just said, "is the only university in the country organized on a true university basis." And the strength of our university basis is increased by the organization of this new school, which is among the first recognitions on the part of the leading educators of the fact that business is a career that demands a practical preparation, and that in the zeal for skilled professions its importance should not for a moment be lost sight of.