In The Annual Report Tho Board Of

itors to the University - seo first page - attention is called to tho faet tbat no discrimination is mudo against non-resident students in the nssessment and collection of annual dues : tho Visitors suggesting that tho annual dues exacted f rom said non-rosidont students bo increased to $25. Tho Free Press oí' tho óthinst. alao produces a leader upon the same subject in advocacy of the sama advance : that is if it doos anything moro than to tind fault and furnish powdor tor tho onemios of tho Univorsity to explode, without pointing out the fair and exact method of remedying any wrong. Without taking ground against any discrimination iu tho matter of annual uea - a matter which bclongs to the Regen ts to regúlate, and which in regulating they must be governod somewhat by tho rules and regulations and fees and dieerimination of' other institutions, say, Harvard, Yale, or Cornoll (tho latter makes -wo venture to say that practically little or no injustico is done to the taxpayers of the Stato tbr waut of discrimination against non-resident students. The last catalogue - a yoar later than tho one usod by the Visitors and tho Free Press - gives the total number of students in tho University for tho current year as 1112. Of these 514 are residents of Michigan and 598 of othor States. Theso 598 are classified as follows : In the Literary Department, 193 ; in Medical Department, 194 ; in Law Department, 211. Now the real qnestion, and the only question as the Free Press puts it, is, at what extra expense is the Stato put to in the education of these non-resident students ? In the Medical Department not a cent ; in the Law Department not'a cent. In each of these dopartments the samo number of professors were employed and paid when the students did not catalogue half the prosent numbor, and must be retained and paid if evory non-resident be excluded, either directly by refusing admitiance or indireotly by putting up the foes. The 405 non-resident students in these two departments are a source of ineome instoad of an expense, to tho full extent of their matriculatioii foes ai.d yearly dues, unless a vory slight reduction is claimed for the incidontal expenses oi caring for rooms. In the Litorary Department an assistant professor or two and two or threo extra tutors may be riecessary by the división of classes into se'ctions, but every full professor would be required if tho non-resident students were all excluded. So that there are two sides to this question of cost. The visitors and Free Press should uuderstand that students are nocessary to the building up of a Univorsity ; that tho more students and coursos, tho better and more complete the University and the cheaper the work per hoad ; that Michigan has not studonts enough to fill the University classes and courses ; and tha1 many of theso young men who come from other States to be educated in the University settle in our State, and, besidos attract to our State a desirablo population - the families from which they come or the families of neighbors who would go with their wealth to other States bul for the reputation the University and the educational systein of whieh it is tho crown has given to Michigan. All these points are to be considered, and wero con8idered in fixing the scale of matriculation and incidental fees. If either can be raised without injury we certainly have no objection. Conoresb has yet taken no deflnite action looking toward a resumption of spooie payments, and it is not at all probable that any such action will be taken. The speculators and inflationists - convertible words - are evidently in a majority in both the Senate and House, and contraction, without which tho currency oannot be brought to a gold basis, will not be permitted. The greenbaok issue will be increased, the national bank issue will bo increasud, everything will ba sent "kiting," prospority will be boasted of for a season, and then will come another panic. The country can never really prosper, the curroncy never be grounded on a firm basis until greenbacks and national bank bilis are withdrawn frpnj circulatiou, made the solé measure of valufes, or made equally valuable with gold ooin - the money of the world - and convertible into gold at par. And this cannot permanently be until Congress abolishes the artificial distiuctions it has made between gold and greonbacks. As long as it requires gold of one class of its debtors and accepts paper of another, or pays gold to one class of its creditors and compels another to accept paper (not money) or mere promises to pay, just so long gold will be a coinmodity and a foot-ball in Wall street and other financial centers. As there is legislation in the way of paying all governmout croditors in greenbacks, tbo ouly remaining thing to do is to make greenbacks worth their face in gold. This can be done by withdrawing a portiou of thom froia circulation, or by ceasing to purchase with them bonds due five, ten or fifteen years henee, and using the gold acoumulating in the treasury to redeein the greenbaoks -tho overdue and dishonored paper of the government. It is both poor policy and downright dishonesty to float greonbacks by the forco of might, in ordoi to uso the moans of the govornment which ought to bo used iu paying thoso demand noten to pay up undue paper. I f greenbaoks are to be continuad a legal tender they should be promptly made worth their face in gold and exchangoable i'or gold at pleasure : that will placo tho people of all classes on an oquality and solve the problem of expansión, for there is little danger of getting too large a volumo of currency with tho currency of all kinds appreciating the gold standard. The New York World characterizes Michigan as " tho elysium of malefactors," And just because the transient boarders in the State institution at Jackson no longer woar stripeH, are furnished with writing inatenals and books, indulged in litorary pursuits, given a freedom suit of; clothes and $10, and paid for over-work from wbich it concludes that " Michigan is the onjy State jö thp world for a gentleman to be a criminal in."