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...surplus income shall not be paid to the corporation, but shall be turned over to the reserve fund of the society. If there occurs a deficiency at the end of the year, it shall be met by a pro rata assessment upon the members. A commission shall be charged by the board for the storage of second-hand articles offered for sale...
...York correspondent of the Advertiser writes of the recent Harvard banquet: "I should not like to state at what hour the festivities came to an end, but I should like to say, from a long experience at large dinners, that this was the pleasantest and most refined I ever attended...
...society shall be derived from the annual fees of members, a commission of 5 per cent. charged on sales of second-hand articles, and a percentage of not more than 5 per cent. charged above the actual cost price on other articles sold to members. If, at the end of any academic year, it shall be found that the income has exceeded the necessary disbursements of the society by a sum greater than the usual reserve or contingent fund, then such balance shall immediately be paid over by the treasurer of the society to the corporation, to be held...
Only one man took the semi-annual in Sanscrit. It has been the previous custom to have only one examination in this course, at the end of the year, but this year President Eliot gave special directions to hold a semi-annual examination...
...French. We are encouraged to try to talk, and "advised" (i. e. obliged,) to write our examinations in French. In this many men experience great difficulty, as they do not know how to express themselves, having paid almost entire attention to simple translation, which seems to be the chief end of our French and German courses at Harvard...