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 alumni, and the management and control of these investments is in each case, I believe, now in the hands of a corporation composed largely of alumni. The building of these houses has drawn heavily upon the time and resources of a large number of men and shows a thoroughly commendable interest on their part. A number of the other chapters through the generosity of the old members are also in a fair way soon to have houses of their own. In many other ways the alumni regularly contribute liberally to the financial support of the chapters, so that in this regard the fraternities have very little of which they may legitimately complain.

I can not commend too highly the unselfish efforts which many of these men have put forth in their desire to erect chapter houses for their fraternities. Few of our alumni are wealthy and those few are quite as often as not unwilling to give liberally. It is the rank and file, the men of moderate means or men with small salaries who have given the money. Professional men just starting—lawyers, doctors, business men—have been willing to devote their time generously to these enterprises with no possibility of personal gain. In fact the contrary has often been the result, for the man who stands at the head of these house-building schemes is in no sense likely to increase his popularity with those who have been