whole, been encouraging. Of the Stanhope I need say little: it is intended to be an undergraduate prize; the style of writing is scarcely of less importance in the estimation of the judges, as guided by the intention of the donor, than is the matter of the essay. For the Stanhope, too, there have always been plenty of competitors and no lack of creditable, very creditable, essays. But for the Arnold, which is a graduates' prize, and for the Lothian, which is common to both bachelors and undergraduates, I am sorry to say that there has not been lately good competition. I speak primarily of the modern side of the Arnold Prize; the ancient side has been still more unproductive of good work. This lack of competition is not, I am sure, a sign of flagging interest in these studies. It is to be explained by a very obvious circumstance—namely, that urgent desire which at present prevails among the Honour men to get speedy returns for their accumulation of class knowledge. Quick returns are generally associated with small profits; and I cannot help thinking that many men, who rush into tutorial work as soon as they have got through the Schools, would do much better, and make ultimately much greater profit, by continuing their reading, or at all events by blending tutorial work with some literary industry such as writing for the Prizes. It looks rather as if they were afraid that the stores of knowledge which have received the brand of the Examination School might loose their freshness and applicability unless they were immediately put to use in one particular way. I am aware that this is no new snare; and twenty-eight years ago, when I myself was subjected to the temptation, it was hardly less a snare than it is now. But then, as a rule, men went into the Schools younger than they do now; there were fewer Schools and fewer first class men; less ardent competition perhaps among private tutors, and on the whole more leisure for continued reading. There may be other reasons for the result that I complain of. The ignorance with which the Lothian Prize, a handsome prize of £40, open to all graduates and undergraduates up to their twenty-seventh term, has been disregarded, is, to say the least, curious. The subjects
