"But the more rational system——?" I suggested.

"Ah, yes! that came next. Instead of giving the whole reward of learning in one lump, we used to pay for every good answer as it occurred. How well I remember lecturing in those days, with a heap of small coins at my elbow! It was 'A very good answer, Mr. Jones!' (that meant a shilling, mostly). 'Bravo, Mr. Robinson!' (that meant half-a-crown). Now I'll tell you how that worked. Not one single fact would any of them take in, without a fee! And when a clever boy came up from school, he got paid more for learning than we got paid for teaching him! Then came the wildest craze of all."

"What, another craze?" I said.

"It's the last one," said the old man. "I must have tired you out with my long story. Each College wanted to get the clever boys: so we adopted a system which we had heard was very popular in England: the Colleges competed against each other, and the boys let themselves out to the highest bidder! What geese we were! Why, they were bound