UNIVERSITY TRAINING n 



establishing there the greatest teachers in the world. The 

 money is at present administered by the colleges accord- 

 ing to the directions given in recent Acts of Parliament, 

 and by no means in any blind obedience to the original 

 intentions of the founders of the colleges. It is to a large 

 extent wasted. That portion of it paid out as " scholar- 

 ships " is for the most part wasted in bringing students to 

 a place where they cannot get the best opportunities of 

 study, and the rest is unwisely applied (not so much by 

 the tenants for life or administrators of college funds as 

 by rigid Act of Parliament) to providing an excessive 

 number of totally inadequate salaries by which a corre- 

 sponding number of young men are induced to enter upon 

 the career of teachers as underpaid college Fellows. 



