The article discusses about the financial situation of professors of Brown University. The treasurer's report for June 30, 1915, shows a deficit for the year of $20,275.64. To many colleges this would seem a small amount. It does not seem alarming at Brown, although it is nearly $7,000 larger than the preceding deficit. There has, in fact, been a deficit for every year the treasurer cites, that is, from 1905-6 down; moreover, this year's deficit is in the face of some very considerable increases of income within the last three years.