The cost of maintaining these battleships during the fiscal year of 1910, though many were in commission but a small part of the year, amounted to no less than $33,000,000. The amount which all the colleges and universities in this country received in tuition fees in 1911 was only $20,000,000; and the entire income received both from fees and productive funds was only about $34,000,000. In other words, when one takes into account the depreciation of the battleship or armored cruiser, the entire cost of the thirty-eight battleships for a single year is greater than the administration of the entire American system of higher education. Is it not painfully manifest that the cost of war constitutes a mighty argument for the economic mind of the student? Moreover, I am inclined to believe that the very difficulties belonging to the triumph of our great cause constitute ground for its closer relationship to the college man. The college man wishes, as well as needs, a hard job. The easy task, the rosy opportunity, makes no appeal. He is like Garibaldi's soldiers, who, when the choice was once offered them by the commander to surrender to ease and safety, chose hardship and peril. The Boxer revolution in China was followed by hundreds of applications from college men and women to be sent forth to China to take the place of the martyrs. The difficulties in the progress of the great cause are of every sort and condition. Industrial narrowness and commercial greed, military and political ambitions, sectional zeal, national jealousy, the sensitiveness of each nation in matters of national honor, the glamour of the good and the beautiful under the sentiment of patriotism, the historic honor attending death for one's country, the ease of creating war scares among the people, the looseness of the organization of the higher forces of the world--all these conditions and more pile up into a Pelion on Ossa as a part of the difficulties standing in the progress of our great movement. But such difficulties inspire rather than deter. The student says, "I will; therefore I can." He also says, "I can; therefore I will." He knows that the forces fighting for him are more than those that fight against him, strong as these are. Man in his noblest relationships, the songs of the poet (the best interpreter, from Homer and Virgil to the "Winepress" of Alfred Noyes), the torture, the pains, the sufferings, the woes, the vision of the prophet of a loving and perfect humanity, the reason of logic--all these and more are to him inspirations, and strengthen him in his great quest. He is a knight of the Holy Grail that is filled from the river of the water of life.