In response to a cali for a business meeting Saturday morning, a large portion of the senior class was present. The plans for the establishment of a scholarship and the matter of caps and gowns formed the principal business of the meeting. The principal of the scholarship fund will be $2,000 The committee on subscriptions report that nearly half of the amount has been pledged, and it is expected that no trouble will be experienced in raising the whole amount. If, however, the reqaired sum cannot be raised, the amount subscribed will be placed at interest until the principal accumulates. Members subscribing to the fund will give their notes which will be payable in five installments; payments being made each year until the expiration of the principal. By this plan the first installment will be paid June 1, 1895, and the last in 1899. The president and members of the faculty will decide to whom the scholarship shall be awarded. Owing to the fact that many of the caps and gowns have not as yet arrived, it was decided to postpone the "swing out" until Wednesday morning.