Third, I think we have need of a larger Christian sagacity in the distribution of funds for this purpose. In my appeals for educational work, no one has heard me say I would have less money given for older institutions, I believe there can be a wiser distribution of money with reference to the kingdom of God. Any one looking upon this field will tell you that one dollar put into an institution of learning in the Southern field--conditions being as they are, these forces being yet undirected--one dollar in one of these institutions will often accomplish more than one hundred in an old one. I have told people frequently--and I believe those who have studied this problem will assent to it--that one dollar for a Christian college in the Western field, will accomplish more than ten put into some of the older institutions. What I say then is, that if we wish to have a larger sagacity, if we wish to give our money with wiser heed to results, we shall put more into those institutions on the Southern field which are to determine what the South shall be; we shall put more into those institutions in the great Mississippi valley which are to determine what the Mississippi valley shall be, and which, two generations hence, are to determine what this continent shall be. Let not less be given to the old; but, my friends, the most economical giving is the money given to your higher institutions in the South and in all our new communities. * * * * * PURITANISM AND THE DESPISED RACES. Address at the Annual Meeting. BY REV. C. M. SOUTHGATE, DEDHAM, MASS. What I have to say will be upon this point: Why Puritanism is especially fitted to elevate the despised races. I say Puritanism; I might say Congregationalism; but that word sometimes means a polity, while this means something higher--clear thinking, strong believing, pure living, solemn and earnest acting; that spiritual life, in a word, which expresses itself in Congregationalism, not anything developed by its machinery.