Tucked away in western Massachusetts are four of the better U.S. col leges: Smith, Mount Holyoke, Amherst and the University of Massachusetts. They have increasingly clung together and shared services in an attempt to raise quality while holding down costs. Last week, pursuing the same goal, they announced that they would create a fifth partner, Hampshire College, to rise on 300 acres of open country, roughly five miles from each of the others.
The aim of the coeducational college, scheduled to open with 250 freshmen in 1969, is to demonstrate that a new school can be small, good and low...