' - .-...:- I
September 30, 1931.
As the College meets together this September the
present body of the College, the comfort and beauty of the
arrangements around us are in great contrast to the condition
of millions of people in this and in every other country.
I do not think the world at large ever faced so serious a
situation since colleges met in September 1914. There is
widespread unemployment and industrial depression not merely
in the United States but in almost every country in the world.
There are five or six million people in this country this year
who will look for jobs without finding them, and of these a
very -large number, I do not know how many, will undergo accute
suffering for ;the necessities of life. I said the other day
to members of the Freshman Class what I would like to repeat
to all of you: that at the same time about a million people
of :your age are entering our co11eges and universities and
are enjoying opportunities which have been provided out of
the savings of society by the earnings of the working men
who are this year suffering for lack of a job. The students
in our colleges pay about half of the cost of the education
which they enjoy. If summary measures could be taken so that
every student were compelled to pay the full cost of his education
and the income from these endoWMents could be placed at
the disposal of relief co~~itties, hundreds of thousands of
people would be fed, sheltered and clothed, which they need
and will not have.
We are pri vileg.ed. I n a cer t a i n sense these people
are suf fering in order thl,' t we may have comforts and even
luxuries--that greatest of ' a 11 luxury, the opportunity for