Many worthy young men and women in the United States pay their total annual expenses in high-grade colleges and universities with $250. This estimate is confirmed by the author’s personal observation and by a letter of recent date from the President of the University of Iowa to the author. OUR ANNUAL NATIONAL EXPENSE OF MILITARISM, $450,000,000, WOULD PAY THE ANNUAL COLLEGE EXPENSES OF 1,800,000 YOUNG MEN AND WOMEN; THAT IS, OF NEARLY TWELVE TIMES AS MANY AS THERE WERE IN THE YEAR ENDING JUNE 30, 1908, IN THE FIVE HUNDRED AND SEVENTY-THREE COLLEGES, UNIVERSITIES AND TECHNOLOGICAL SCHOOLS OF THE UNITED STATES. _Five per cent. interest_ on $450,000,000 for _six minutes_ would provide $250 for a year’s college expenses. _Five per cent. interest_ on one year’s expense of militarism in the United States for _two weeks and three days_ would keep one full regiment (1,000) young men in college for _four years_. _Less than seven per cent._ interest on $450,000,000 for one year would pay one year’s college expenses for a total number of young men and women equal to the total number of men in both the Army and the Navy, officers, privates and all. The total present-rate cost of militarism in the United States for two and a half years is $1,125,000,000. _Three and a half per cent. interest_ for _one_ year on this amount would be $39,375,000. This interest would pay the college expenses of the total number of young men and women in all the 573 colleges, universities and technological schools in the United States for the one year ending June 30, 1908 (that is, for 150,187 students), estimating the average expense at $250 for the year,—with a balance remaining of almost $2,000,000 for extra expenses. According to Mr. E. J. Dillon,[42] “The cost of each of the new armored battleships planned for the French Navy is estimated at more than $15,000,000.” “Chairman Tawney of the House Committee on Appropriations in promising to fight against the new $18,000,000 battleships, pledges himself to a worthy cause.”[43] _Six and two-thirds per cent. interest_ for _one_ year on the cost of a $15,000,000 battleship would provide a _four-year_ college education for the 1,000 marines on board. _Six per cent. interest_ for _ten hours_ on the cost of a $15,000,000 battleship would pay the total expenses of a young man or woman while doing the _four years’_ work for the degree of Bachelor of Arts in the great University of Iowa. ONE NEW-TYPE “DREADNOUGHT” OF THE SORT NOW BEING CONSTRUCTED FOR THE BRITISH NAVY (WHICH IS TO BE PRACTICALLY DUPLICATED BY ALL THE OTHER “GREAT POWERS”)—ONE OF THESE MONSTERS WILL COST THREE TIMES AS MUCH AS ALL OF THE NOBLE BUILDINGS OF THE UNIVERSITY OF CHICAGO ERECTED UP TO JUNE 30, 1905; THAT IS, THREE TIMES AS MUCH AS ALL THE BEAUTIFUL HALLS CONSTRUCTED DURING THE UNIVERSITY’S FIRST THIRTEEN YEARS OF UNPARALLELED ACTIVITY IN BUILDING.