Mr. Andrew Carnegie's gift of £2,000,000 to the Scottish universities in the same year is eulogized in the cartoon of "The Macmillion," but the prose comment, in which the extensions of the scheme are foreshadowed, is not lacking in an element of irony. Mr. Rhodes's historic bequest to Oxford is discussed in an imaginary letter from a Cambridge to an Oxford don. The Cambridge don ridicules the notion that it would revolutionize Oxford, convert it into the University of the Empire, or transform the hoary old home of lost causes into a realization of the ideals of young barbarians from the bounding prairie or of the pipe-sucking beer-nurtured students of the Fatherland. The new-comers would find their level and, if really decent fellows, would do well enough. "Oxford will still remain Oxford, and that, at any rate, we may be thankful for." Nor did the Cambridge man anticipate any serious change in inter-'Varsity relations:-- As to ourselves at Cambridge, why, I fancy we shall be able to rub along quite comfortably, thank you. If I may use a commercial expression, we've got our own line of Australians and Canadians and Americans, and even of Afrikanders, and I think we shall be able to continue business at the old shop in the old style without any of the new-fangled additions that Mr. Rhodes has conferred upon Oxford. I'll wager that when fifty years are past we shall still be able to meet you on the river, at cricket, at football, nay, even at chess and billiards, on the same terms of average equality. And in after life we shall still manage to compete. This letter, by the way, was virtually a rejoinder to a set of verses, published a few weeks earlier, in which _Punch_ indulged in a fantastic forecast of the results of the invasion of the Rhodes scholars--including an entire revision of the system of examinations in accordance with the terms of Mr. Rhodes's will. The Craven would be awarded for manliness and the Ireland for muscle:-- Then at last shall Oxford Greats men Really be Imperial statesmen. The sequel has shown that the views ascribed to the Cambridge don were much nearer the mark. [Sidenote: _The Awakening of Oxford_] [Illustration: THE BREAKING OF THE CHARM THE SLEEPING BEAUTY Oxford University. THE FAIRY PRINCE Lord Curzon. THE CHANCELLOR (after reading aloud his "Memorandum"): "Awake, adorable dreamer!"]