from her, during your years of attendance in her halls, certain privileges in the way of scholarship, in the way of companionship, which makes it incumbent upon you to repay what you have been given. You can not repay that to the college save in one way: by the quality of your citizenship as displayed in the actual affairs of life you can make it an honor to the college to have sent you forth into the great world. That is the only way in which you can repay to the college what the college has done for you. I earnestly hope and believe that you and those like you in all the colleges of this land will make it evident to the generation that is rising that you are fit to take leadership, that the training has not been wasted, that you are ready to render to the state the kind of service which is invaluable, because it can not be bought, because there is no price that can be put upon it. We have the right to expect from college men not merely disinterested service, but intelligent service. The free peoples who exercise self-government always have to war not merely against the knavish man who deliberately does what he knows to be wrong, but against the foolish man, who may mean very well, but who in actual fact turns out the ally of the other man who does not mean well; and we must depend upon you men who have been given special facilities in education to guide our people aright so that they shall neither fall into the pit of folly nor into the pit of knavery. AT GREENSBORO, N. C., OCTOBER 19, 1905 _My Fellow-Citizens_: