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The situation in regard to the H. A. A. surplus has not been much clarified by the recent statement from University Hall that the Corporation has "no intention of acquiring a ten million dollar endowment fund for the support of athletics." Out of a host of possibilities one is withdrawn. The present surplus may be allowed to accumulate to an indefinite size and for no purpose at all as far as one can tell from the Delphic utterance of the authorities.
Denials make poor reading and worse information; a sweeping denial, it is true, may close discussion on a subject, but the mere bolting of a single door piques the curiosity in regard to all the others. In the present case, the real question hinges on what is to be done with the present H. A. A. surplus not what definite sum it is not going to be allowed to accumulate to. It is too much to hope that Harvard men will continue smilingly to pay five dollars a ticket to see football games when part of this sum is going to fill a secret chest which may be locked at the bottom of the sea for all anyone knows about it. Like it or not the Corporation will sometime have to explain this hoarding of a growing fund, and wisdom should dictate that they do so before the chances for misinterpretation and ill-will become any more numerous than they are at present.
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