A university is therefore not a mere luxury, but rather a necessary asset in a nation's life. "The development of the true spirit of the University among a people is a good measure of the development of its soul, and consequently of its civilization" (Haldane). "No country," we will conclude with "Catholic" in the Antigonish Casket, "ever attained to any degree of political influence, nor have any people ever risen from a lower to a higher level of intellectual and social culture, without the light and inspiration that flow from a genuine university." This vision was before the eyes of Cecil Rhodes who founded scholarships throughout the British Empire. These scholarships glean every year in the wide fields of the Empire the brightest minds and throw them as a beautiful sheaf at the foot of the great English Alma Mater, Oxford. Millions and millions have been left for the same purpose to the American Universities. The university may well then be called the Alma Mater--the nursing mother, of the leaders of a nation. From its halls "emerge those who have that power of command which is born of penetrating insight. Such a power generally carries in its train the gift of organization, and organization is one of the foundations of national strength." (Lord Haldane.) The belief that the self-made men were the real successful men is a thing of the past. A careful investigation has proved that ninety per cent of the men who stood at the head of large financial, political, philanthropic, economic, industrial and commercial institutions of the world were graduates of universities.[2] The self-made man as a leader is the exception and has necessarily his limitations which he is the first to feel and acknowledge. Munsterberg in his book "The Americans" has a page which is very much to the point. "The most important factor of the aristocratic differentiation of America is higher Education and culture and this becomes more important every day. The social importance ascribed to a college graduate is all the time growing. It was kept back for a long time by unfortunate prejudices. Because other than intellectual forces had made the nation strong, and everywhere in the foreground of public activity there were vigorous and influential men who had not continued their education beyond the public grammar school, so the masses instinctively believed that insight, real energy and enterprise were better developed in the school of life than in the world of books. The college student was thought a weakling, in a way, who might have fine theories, but who would never help to solve the great national problems--a sort of academic "mug-wump," but not a leader. The banking house, factory, farm, the mine, law office and the political position were thought better places for the young (American) man than the college lecture halls. . . . This has profoundly changed now, and changes more, with every year. . . . The change has taken place in