SPECULATION EVILS.

Where you have a limited number of seats at your disposal and a demand which could probably make use of twice that number, the element of speculation will always appear. This is the situation which confronts the Athletic Association each year with regard to the Yale game seats. Certain people have greater claims to those seats than others and they are given the opportunity to procure tickets under those conditions which will insure to the majority of people who have equal claim an equal right to see the game. These conditions include the restriction that the recipient is charged with the duty of seeing that his tickets are not used to his financial profit or to that of anyone receiving the tickets through him. No distinction is made to cover varying cases as men are fairly warned that no excuse of thoughtlessness or innocence of purpose can be accepted.

The redress which the Association has is the black-list to which all names are added of men whose tickets are found in speculators' hands. At present the list contains the disgraceful number of 98 names of graduates and undergraduates who have in varying degree abused their special privileges in the allotment of seats. These men are denied the privilege of applying for seats in the future.

What the black-list attempts to do is this: to serve as a warning to every Harvard man that the abuse of his privilege of obtaining seats, whereby financial profit is derived for himself or anyone else, is dishonorable under the conditions by which he receives this privilege, and unfair to other Harvard men who are actually desirous of seeing the game but are prevented by lack of seats. Ample precautions are taken by the Association to detect such transactions and all because it is eminently fair that Harvard men be allowed to purchase the desirable seats at the original price of $2.