* * * * Lord Beauchamp, the Chancellor, who lately
returned from a tour of the American universities, said at the London graduation ceremony last week that he wished to see our rich men endowing our universities on some- thing like the American scale. Lord Beauchamp over- looked the fact that the rich American pays very modest taxes, and can well afford to be a pious donor to seats of learning. Probably, too, the founding or aggrandise- ment of universities has become, in the United States, a fashion that no millionaire can ignore. Our own univer- sities have happily shared in the golden stream of American munificence. The outlook here for pious doners is none too hopeful, if Mr. Snowden's views are to prevail. The universities are constrained to look rather for more State and municipal assistance. Already the London County Council contributes handsomely to London University funds.
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