But of one thing I am sure. In the rush of industries, in the race problem, it is more and more incumbent upon such institutions as the University of the South to maintain the highest standard of pure scholarship, to increase the number of men and women devoted to the intellectual life. Long ago, in the middle of the seventeenth century, John Ward of Stratford-on-Avon, clergyman and physician, wrote in his diary: "The wealth of a nation depends upon its populousness, and its populousness depends upon the liberty of conscience that is granted to it, for this calls in strangers and promotes trading." Great is the attraction of a benign climate and of a fruitful soil, but a greater attraction is an intelligent people, that values the best things in life, a society hospitable, companionable, instinct with intellectual life, awake to the great ideas that make life interesting. As I travel through the South and become acquainted with its magnificent resources and opportunities, and know better and love more the admirable qualities of its people, I cannot but muse in a fond prophecy upon the brilliant part it is to play in the diversified life and the great future of the American Republic. But, North and South, we have a hard fight with materializing tendencies. God bless the University of the South!