Did you ever hear the story of the graduate who never advanced in his studies farther than that Pythagorean man did who never could learn more than the first letters of the alphabet? I am reminded of it by the elegant monogram of our Club.

This young fellow’s friends were very eager to get him through the university, so they sent him out from Boston in a

C A B

After two days he came

B A C

He then went to Cambridge on a three years’ course by taking electives which didn’t require him to repeat the alphabet.

He learned to smoke

B A C C A

and at the end of the time the College made him

A B