at once of the funds which, in accordance with the letter, it may be, but certainly not with the spirit of the ancient statutes, have remained for so many years appropriated to the exclusive support of theological learning, if learning it could be called. Fortunately, that mistake has now been remedied, and the funds originally intended, without distinction, for the support of “true religion and useful learning,” are now again more equally apportioned among those who, in the age in which we live, have divided and subdivided the vast intellectual inheritance of the Middle Ages, in order to cultivate the more thoroughly every nook and every corner in the boundless field of human knowledge. Something, however, remains still to be done in order to restore these fellowships more fully and more efficiently to their original purpose, and thus to secure to the university not only a staff of zealous teachers, which it certainly possesses, but likewise a class of independent workers, of men who, by original research, by critical editions of the classics, by an acquisition of a scholarlike knowledge of other languages besides Greek and Latin, by an honest devotion to one or the other among the numerous branches of physical science, by fearless researches into the ancient history of mankind, by a careful collection or revision of the materials for the history of politics, jurisprudence, medicine, literature, and arts, by a life-long occupation with the problems of philosophy, and last, not least, by a real study of theology, or the science of religion, should perform again those duties which in the stillness of the Middle Ages were performed by learned friars within the walls of our colleges. Those duties have remained in abeyance for several generations, and they must now be performed with increased vigor, in order to retain for Oxford that high position which it once held, not simply as a place of education, but as a seat of learning, amid the most celebrated universities of Europe. “_Noblesse oblige_” is an old saying that is sometimes addressed to those who have inherited an illustrious name, and who are proud of their ancestors. But what are the ancestors of the oldest and proudest of families compared with the ancestors of this university! “_Noblesse oblige_” applies to Oxford at the present moment more than ever, when knowledge for its own sake, and a chivalrous devotion to studies which command no price in the fair of the world, and lead to no places of emolument in church or state, are looked down upon and ridiculed by almost everybody.