of a higher education to a few children of rich men. The annual cost of each undergraduate to the University at Oxford is $700, at Cambridge $600, and at Harvard $300. If the actual expenses of running a college of high grade were divided proportionately among the students, they would have to pay three or four times the amount they now do for tuition. It is important that these educational advantages and incentives come within the reach of the humblest youth of the Republic, in order that they may be productive of the noblest manhood and womanhood. Time and experience confirm the claim that the wisest and most permanent use of money is to help endow a college. Large wealth imposes obligations to make the best and most permanent use of it. Every man of means ought to be a patron of learning, because it yields the most satisfactory returns. "What better gift can we offer the Republic," says Cicero, "than to teach and instruct the youth." Wendell Phillips says that "education is the only interest worthy deep, controlling anxiety of thoughtful men," and President Gilman makes an equally forcible statement when he says that "to be concerned in the establishment of a university is one of the noblest and most important tasks ever imposed on a community or on a set of men." Many of our denominational colleges are parsimoniously sustained. If their constituency, both rich and poor, would become imbued with the spirit of the Colonial fathers, and arouse themselves to give liberally, their power and influence would be multiplied a hundred fold. "Let it not be forgotten," says President Thwing, "that if the college and university have large need of the wealth of the community, this wealth has yet a larger need of the college and university. Without the aid of the higher education in the past, much of the wealth could not have been created; and without the higher education of the present, wealth would now become sordid; gold-dust is no less dust because it is golden. The rich man needs the college as his beneficiary to help him to be a noble man quite as much as the college needs his benefactions to help it make noble men. A college in poverty can make men; a rich man (or a poor man, indeed,) cannot hoard in meanness without degradation of manhood." The colleges are the agencies to help call out the constructive talent of the nation. They open the pathway of opportunity to every young man and woman who desires to do the most for himself and humanity. Each one may link himself through his means and prayers to these powerful agencies for good. IV. THE FUNCTIONS OF THE AMERICAN COLLEGE--A SYMMETRICAL DEVELOPMENT.