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40 cases were then tested by appeal to local experts and were almost uniformly ascertained not only to be too high but frequently to include furnishings which it was requested should not be included. The plan was then adopted of securing reports on these values from a number of sources including college authorities, local real estate experts and the results were yet further tested and ascertained from other sources where they were called into question. Probably there are many errors in the estimation. In this edition the figures have been revised in many cases by reference to local assessment rolls. Complaints of wrong valuations have been investigated and changes made when found to be necessary. But it must be understood that the fraternities as such are in no case responsible for the figures given and on the whole they will probably be correct. An unusual amount of labor has been expended in securing these figures in order that it may be perceived to what extent the fraternities have relieved the colleges of the burden of providing dormitories for their students. The productive funds of the colleges are thereby released from such form of investment and the income derived therefrom can be employed more directly in educational advancement.

No mention is made of rented houses in this edition. Practically every chapter lives in a house except at colleges where it is forbidden in order to keep college dormitories full or in cities where no official housing system exists.

Brief notes concerning certain of the chapters are then given. It may safely be assumed that when a chapter is