Another step in the cementing of a spirit of good-will and friendliness between the United States and Latin America was made when President-elect Hoover presented the new Associated Harvard Clubs scholarship to Argentina. With the tremendous growth of business and cultural relations between North and South America in the past few years. Spanish is being taught more and more in the United States, and at the same time, as Professor Haring points out, there is an increasing tendency among Latin Americans to look to us rather than to Europe for intellectual leadership. At Harvard and at most of our more important universities are many South American students who will carry back to their homes something of the same feeling of international understanding which Mr. Hoover has been attempting to convey in his present journey.

These renewed exhibitions of good will toward other nations, coming in the same year with the Kellogg Peace Pact, lay foundations for the hope that the world, and the United States in particular, is recovering from the era of post-war materialism and is looking forward to a new ideal of international cooperation. A prime requisite of this is a comprehension of the other fellow's point of view. Such educational methods as exchange professorships and international fellowships are contributory factors whose value was recognized by Cecil Rhodes. The general success of his plan has given impetus to similar projects. Harvard has done much in this way in the past few years, and the Associated Harvard Clubs are to be congratulated in continuing the good work at this particularly timely moment.