out the
light and inspiration that flow from a genuine university." This vision
was before the eyes of Cecil Rhodes who founded scholarships throughout
the British Empire. These scholarships glean every year in the wide
fields of the Empire the brightest minds and throw them as a beautiful
sheaf at the foot of the great English Alma Mater, Oxford. Millions and
millions have been left for the same purpose to the American Universities.

The university may well then be called the Alma Mater--the nursing
mother, of the leaders of a nation. From its halls "emerge those who
have that power of command which is born of penetrating insight. Such a
power generally carries in its train the gift of organization, and
organization is one of the foundations of national strength." (Lord
Haldane.) The belief that the self-made men were the real successful men
is a thing of the past. A careful investigation has proved that ninety
per cent of the men who stood at the head of large financial, political,
philanthropic, economic, industrial and commercial institutions of the
world were graduates of universities.[2] The self-made man as a leader
is the exception and has necessarily his limitations which he is the
first to feel and acknowledge. Munsterberg in his book "The Americans"
has a page which is very much to the point. "The most important factor
of the aristocratic differentiation of America is higher Education and
culture and this becomes more important every day. The social importance
ascribed to a college graduate is all the time growing. It was kept back
for a long time by unfortunate prejudices. Because other than
intellectual forces had made the nation strong, and everywhere in the
foreground of public activity there were vigorous and influential men who
had not continued their education beyond the public grammar school, so
the masses instinctively believed that insight, real energy and
enterprise were better developed in the school of life than in the world
of books. The college student was thought a weakling, in a way, who
might have fine theories, but who would never help to solve the great
national problems--a sort of academic "mug-wump," but not a leader. The
banking house, factory, farm, the mine, law office and the political
position were thought better places for the young (American) man than the
college lecture halls. . . . This has profoundly changed now, and
changes more, with every year. . . . The chan