"Years before I had rejected as disgusting cynicism by an old vulgarian the words of warning given me by old Joseph Wright. 'What do you take Oxford for, lad?' 'A university, a place of learning.' 'Nay, lad, it's a factory! And what's it making? I'll tell you. It's making fees. Get that in your head, and you'll begin to understand what goes on.' Alas! by 1935 I now knew that it was perfectly true. At any rate as a key to dons' behaviour. Quite true, but not the whole truth. (The greater part of the truth is always hidden, in regions out of the reach of cynicism.)"
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No. 250: To Christopher Tolkien (1 November 1963)
https://en.wikiquote.org/wiki/J._R._R._Tolkien
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