The first great rule in judging of pleasures is that so well expressed by Seneca: 'Sic præsentibus utaris voluptatibus ut futuris non noceas'--so to use present pleasures as not to impair future ones. Drunkenness, sensuality, gambling, habitual extravagance and self-indulgence, if they become the pleasures of youth, will almost infallibly lead to the ruin of a life. Pleasures that are in themselves innocent lose their power of pleasing if they become the sole or main object of pursuit. In starting in life we are apt to attach a disproportionate value to tastes, pleasures, and ideals that can only be even approximately satisfied in youth, health, and strength. We have, I think, an example of this in the immense place which athletic games and out-of-door sports have taken in modern English life. They are certainly not things to be condemned. They have the direct effect of giving a large amount of intense and innocent pleasure, and they have indirect effects which are still more important. In so far as they raise the level of physical strength and health, and dispel the morbidness of temperament which is so apt to accompany a sedentary life and a diseased or inert frame, they contribute powerfully to lasting happiness. They play a considerable part in the formation of friendships which is one of the best fruits of the period between boyhood and mature manhood. Some of them give lessons of courage, perseverance, energy, self-restraint, and cheerful acquiescence in disappointment and defeat that are of no small value in the formation of character, and when they are not associated with gambling they have often the inestimable advantage of turning young men away from vicious pleasures. At the same time it can hardly be doubted that they hold an exaggerated prominence in the lives of young Englishmen of the present generation. It is not too much to say that among large sections of the students at our Universities, and at a time when intellectual ambition ought to be most strong and when the acquisition of knowledge is most important, proficiency in cricket or boating or football is more prized than any intellectual achievement. I have heard a good judge, who had long been associated with English University life, express his opinion that during the last forty or fifty years the relative intellectual position of the upper and middle classes in England has been materially changed, owing to the disproportioned place which outdoor amusements have assumed in the lives of the former. It is the impression of very competent judges that a genuine love, reverence and enthusiasm for intellectual things is less common among the young men of the present day than it was in the days of their fathers. The predominance of the critical spirit which chills enthusiasm, and still more the cram system which teaches young men to look on the prizes that are to be won by competitive examinations as the supreme end of knowledge, no doubt largely account for this, but much