In other words, the situation resolved itself to this: The managers of the N.M.A.C. are sportsmen. The members and officers of the N.I.S.A.A. are sportsmen. The younger men say to the older men, "We have perfect confidence in your ability and integrity; will you conduct our games?" The older men reply, "We know exactly how such games should be conducted, and we know what you want; we will conduct your games." They shake hands on that agreement, and that ends the matter.

As affairs stand now the N.I.S.A.A. officials feel perfectly confident that everything that it is possible to do will be done to make the games a success. It is for the interest of school sport and for the interest of the N.M.A.C. that everything should so be done. The N.I.S.A.A. men know that the N.M.A.C. managers are aware of the fact that rewards or mementoes of some kind are customarily given to winners on occasions of this kind, and they are consequently confident that such trophies will be forthcoming upon this occasion. The value of these trophies has no place in the discussion, no matter what the constitution of the N.I.S.A.A. may say. It is further known by all concerned that the governors of the N.M.A.C., being sportsmen and not sports, are not undertaking the management of these games for purposes of gain, and that, therefore, whatever pecuniary profit may result will, no doubt, go to the scholastic association and not to the club. Hence everything seems now to be arranged on the best possible basis, and the disagreeable consideration of dollars and cents is entirely eliminated. In a few years scholastic sport will probably have gotten so far away from the financial question that we shall all of us have forgotten what a disagreeable tangle it once was.

The Graduate.


This Department is conducted in the interest of stamp and coin collectors, and the Editor will be pleased to answer any question on these subjects so far as possible. Correspondents should address Editor Stamp Department.

Several collectors have lately sent me Newfoundland stamps for identification, in the belief that they had the rare early issues, but in each case the stamps were the 1863 "lake" issue. The 1d., 3d., and 5d. of the two issues are easily identified. The 2d., 4d., 6d., 6-1/2d., 8d., and 1s. (all of about the same type) were printed in at least three colors—orange vermilion, scarlet vermilion, and "lake." The first two were used between 1856 and 1863, and are very scarce, especially the 6-1/2d. and 1s. The "lake" issue, on the other hand, was printed in larger quantities, and went out of use in 1866, having had a circulation of little more than two years. A very large supply of all these varieties were left on hand, and for many years could be bought at the post-office singly or in sheets at face value. The used copies of the "lake" issue on the original envelope are worth ten times as much as the unused copies.