Ricardo Scholarship Award.

The Ricardo Prize Scholarship of $350 has been awarded to G. H. Montague '01, of Springfield, Massachusetts. The Ricardo Scholarship is awarded on the basis of a special examination, but the general record of the candidates is also taken into consideration. In the examination this year the candidates were required to write an essay on one of twelve subjects set before them. The subject chosen by Montague was "Democracy and Empire." Twelve men in all took the examination. Among the other subjects were the following: Party Government; The place of the French Revolution in the world's history; The definition of sociology; Mill's "Political Economy"; The incidence of taxation; Commercial Crises; American Historians.