o ignorance, brutishness and stupid materialism. No one knows
better than the millionaire that man lives not by bread alone." The
colleges are not founded to make money but to benefit the public by
training and fitting men for the highest service. The majority of the
students in American colleges are of limited means. If it were
possible to sustain a first-class college by means of the income from
students, the tuition would be so high as to limit the great advantage
of a higher education to a few children of rich men. The annual cost
of each undergraduate to the University at Oxford is $700, at
Cambridge $600, and at Harvard $300. If the actual expenses of running
a college of high grade were divided proportionately among the
students, they would have to pay three or four times the amount they
now do for tuition. It is important that these educational advantages
and incentives come within the reach of the humblest youth of the
Republic, in order that they may be productive of the noblest manhood
and womanhood.

Time and experience confirm the claim that the wisest and most
permanent use of money is to help endow a college. Large wealth
imposes obligations to make the best and most permanent use of it.
Every man of means ought to be a patron of learning, because it yields
the most satisfactory returns. "What better gift can we offer the
Republic," says Cicero, "than to teach and instruct the youth."
Wendell Phillips says that "education is the only interest worthy
deep, controlling anxiety of thoughtful men," and President Gilman
makes an equally forcible statement when he says that "to be concerned
in the establishment of a university is one of the noblest and most
important tasks ever imposed on a community or on a set of men."

Many of our denominational colleges are parsimoniously sustained. If
their constituency, both rich and poor, would become imbued with the
spirit of the Colonial fathers, and arouse themselves to give
liberally, their power and influence would be multiplied a hundred
fold. "Let it not be forgotten," says President Thwing, "that if the
college and university have large need of the wealth of the community,
this wealth has yet a larger need of the college and university.
Without the aid of the higher education in the past, much of the
wealth could not have been created; and without the higher education
of the present, wealth would now become sordid; gold-dust is no less
dust because it is golden