SALIENT POINTS IN PRES. LOWELL'S ANNUAL REPORT

"The idea of limiting the number of students in the College is not agreeable . . . but for a time the conditions of the teaching Staff and equipment may render it impossible to do full justice to more than a definite number of students.

"We have been brought for the present to a position where either the service we can render to our students must be reduced, or their number limited; and between these alternatives we can hardly hesitate.

"With any plan for limitation, every appropriate means of ascertaining the qualities of an applicant ought to be employed. All this involves a grave responsibility for the authorities . . . but one which they should not shrink from assuming."

"The most pressing need of the University is new chemical laboratories . . . Another great need is that of buildings for the School of Business Administration . . . That a concerted effort to raise the funds needed will soon be made is earnestly to be hoped.