It may seem, at first sight, rather late to talk about Christmas presents four days after Christmas. But a little reflection will convince anyone that the real problem consists not in buying them and giving them to other people, but in disposing of them after other people have given them to one's self. Mr. Woodruff, who will suggest a few variations on the old device of giving them away again for the New Year, is an ex-President of the Union at Oxford, and the author of 'Plato's American Republic.'