ANNUAL ADDRESS. XXV. 



which will thus result, to the Harvard University as one 

 of its constituent parts. Both these institutions already 

 were possessed of large endowments and were provided 

 with an elaborate staff of instructors, and housed in splendid 

 buildings, but as I learn from a letter received a week or 

 two ago from a member of the Harvard staff, they are about 

 to receive the first instalment of a huge bequest, which 

 will almost immediately yield an income of £10,000 a year, 

 and as various annuities lapse their income from this one 

 source will finally reach the magnificent figure of £100,000 

 a year. In view of these circumstances it is proposed to 

 abandon the present buildings of both institutions, and to 

 erect a magnificent pile in a locality where more room is 

 available. When this is done it will probably be the most 

 perfect institution of its kind in America. 



Yet another plan worthy of special note is the arrangement 

 recently made by one or two American and German Univer- 

 sities for the interchange of professors for periods of a year 

 at a time. Nothing could be more stimulating to all con- 

 cerned than such a scheme. 



AMERICAN PROGRESS. 



However it would be a hopeless task to attempt to 

 enumerate, even in outline, the great achievements of the 

 American schools during the last few years. They are now 

 to be counted in very fact by the score, and set the British 

 nation, and I think Australia in particular, an example 

 which they should endeavour to emulate. It may be 

 replied of course and with a certain amount of justice that 

 America with her vast opportunities and immense natural 

 resources cannot under ordinary circumstances avoid 

 achieving large success. In a sense this is true. It is 

 doubtful if ever before in the history of the world, man had 

 such extraordinary opportunities for material good as in 

 North America. As it has recently been put, and with 



