THE MENORAH JOURNAL, it was hoped, would not only spread interesting and authoritative information about the activities of the Menorah Societies and stimulate their work further in the future, but would itself be a potent means of promoting Jewish knowledge and literature. The JOURNAL was meant to appeal not to Menorah members alone nor to students only, but to all within and without the universities who were interested in the literary treatment of Jewish life and aspiration. The JOURNAL was extremely fortunate in having the counsel and literary co-operation of many leaders of Jewish thought and action of all parties (for list of Consulting Editors see Contents Page), the JOURNAL itself, like the Menorah Societies, being non-partisan, a forum for the free expression of variant views. Upon the success of the JOURNAL will largely depend the future progress of the Menorah movement and its other literary enterprises contemplated, _e. g._, pamphlet essays and Menorah Classics, which for the present should be postponed, all energies having to be devoted to the JOURNAL. The gratifying encouragement given to the JOURNAL enterprise by many men in the community is but a specific application of the co-operation of the Graduate Menorah Committee, headed by Justice Irving Lehman, which has continued during the past year to assist the Association generously and in the most admirable spirit, the committee reposing absolutely perfect confidence in the officers of the Association. To that co-operation and spirit of confidence the Association owes a great deal which it can repay only by continued effective devotion to the cause which is equally dear to the students and the graduates. It was deemed advisable that for the present the Graduate Menorah Committee should continue as an informal body. A gratifying evidence of the mutual co-operation of the Menorah Societies in a material way during the past year was shown in the appropriation of fifty dollars by the Harvard Menorah Society for the Association. All in all, the Association during the past year may be said to have advanced satisfactorily, though the Officers are conscious of the great opportunities which still remain before the organization. Indeed, the Menorah work is still in its beginnings. With the loyal co-operation of the students and the graduates, the Association looks forward confidently to a bright and big future. _Resolutions_ After due consideration and discussion, the following resolutions were unanimously adopted: