“It is only within a very few years that we have begun to take hold of this work with the zeal and determination that brings success. With this twentieth century there has been born in Canada a new spirit of enterprise. Even here in the University its effects have been strongly felt. It was not long ago that a large proportion of our graduates became teachers, or entered some other professional sphere, and in these fields most of them sought their opportunities in the United States. At the present time the majority of our students have turned toward commercial, mechanical or scientific pursuits, and they are finding their openings within our own domain. The standard of pecuniary compensation is advancing, not only in commerce but also in the professions. For example, even as comparatively a short time as a decade ago the largest fees or salaries for legal services never rose above a very few thousand dollars. Now we often hear of Canadian lawyers receiving many thousands in single fees or in yearly salaries from railroad, banking and other corporations. The general tendency is in this direction, and it is a direct result of our industrial expansion. The interests of Canadian employers of brains and labor are becoming larger. They want more men, and better trained men, and are willing to pay them more than in former years. “Since a university does not completely fulfil its functions unless it keeps in touch with the life of the people and the currents of broad activity, we of the University of Toronto are aiming to keep pace with the new development in Canada. We are equipping young men for many practical pursuits, and are even establishing close relationships with numerous specific industries. Often of late we have had applications from employers for young men capable of assuming responsibilities. We keep track of the demand for youthful brains and university training, and make a point of being always ready to supply it. A notable factor in the practical work of the university is the Agricultural College, which is located at Guelph, Ontario, and controls 550 acres of land, upon which all phases of farming are carried on and taught to nearly six hundred students. We feel that this college is doing work which is very important. Much of the future wealth of Canada will be derived from agriculture, and especially from wheat growing in the Northwest, where hard wheat, the finest in the world, can be produced in sufficient quantities to supply all the markets of the earth. To adequately develop the possibilities of this territory we must have scientific farmers, and this is the kind we are doing our best to train. “But with all this effort along material lines, we are by no means forgetting at the University of Toronto what we used to call the broad humanities. The play of the spirit, the exercise of the imagination, the stimulus of literature and art, a tolerant and cheerful philosophy are, after all, the things which make life worth living.”