importance in the years following the Arrears Act. At the conclusion of the thesis, development to 1885 is summarized. A later monograph is promised, to treat of the new epoch which the pension system then entered. The biennial report of the Board of Regents of the University of Wisconsin for the years 1914-15 and 1915-16 consists largely of the report of the President, followed by reports of deans, directors, business manager, and other officers. The President’s report contains two main divisions: “The Progress of the University,” and “The Needs of the University.” The faculty numbered 389 in 1913-14. The number increased to 437 in 1915-16. In the year preceding the biennium the total number of students, including the short course and summer sessions, was 6,765. The number increased to 7,596 in 1914-15, and to 7,624 in 1915-16. Though the survey conducted by the Board of Public Affairs resulted in controversy, and led to no direct results, yet in consequence of a spirit of self-inquiry at the University a large committee was appointed by the faculty in the autumn of 1915, which was divided into a number of special committees to consider means of improving the University in undergraduate instruction, research, graduate, and field work, foreign language requirements, faculty organization, faculty records, and University physical plant. As a result of this inquiry, new legislation to be put in effect during the next biennium is expected materially to improve the efficiency of the University. These subjects are considered in some detail in the report. The needs of the University are discussed under the heads of salaries, and constructional needs. The varied activities of the University may be comprehended by a study of the many departmental and other statements included in the report.