"The real object in life is to find the problems", said President Lowell in his address at the annual spring banquet of the Business School Club in the Living Room of the Union last night. President Lowell pointed out that after a problem has been stated, it is three quarters solved. This is as true in life as in business, he declared.

Four hundred and twenty-five members of the club, members of the Faculty, and alumni were present at the dinner, which was the largest and most successful affair of its kind that the Business School has ever held.

Mr. L. K. Liggett, the president of the United Drug Company delivered the principal address of the evening, outlning the history of the development of the United Drug Company. Although the business cycles of 1907 and 1913 did not effect the company, due to its steady expansion, it was almost wrecked in 1921. Mr. Liggett said the most important factor in business is the personal equation. "The choice of business and the amount of compensation do not matter. Pick a leader and then stick to him. You can make a success in any business".

After Professor J. B. Callan of the Business School, who acted as toastmaster, had introduced W. L. Baine 2G.B., retiring president of the club, and D. F. Cameron 1G.B., incoming president, Dean W. B. Donham of the Business School spoke. Other speakers were Mr. E. F. Gray G. '13, who represented the alumni and Mr. T. W. Slocum '90, an overseer of the University from 1914 to 1920.