A NEW PRESIDENT AT PRINCETON.

We congratulate Princeton on the recent inauguration of a president who is apparently as near the hearts of the undergraduates as he is desirous of making use of that lucky position. President Hibben said on Saturday that he intended to make Princeton an aristocracy in the literal sense; namely, a community which should be guided by the best of its members; where merit should be fairly determined, and then rewarded. Determining real merit would be a difficult task, unless the judge knew his candidates; and the combination in President Hibben of friendly personality and this firm intent to make the happiest use of it augurs well for his administration.