2i6 CAMBRIDGE 



which every pound spent on development has to be 

 laboriously begged, would earn an enduring fame in 

 the annals of British education. It has been the 

 earnest desire of the authors of this paper to show 

 that the University is not unworthy of such generosity ; 

 that she has displayed great courage and great self- 

 denial in facing modern conditions ; and that her 

 reputed wealth is a fiction, while her poverty is a 

 grim fact. 



