Word: moneyed
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Dates: during 1900-1909
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...Avenel said that the fortunes of today are six times as large as the largest ever amassed under the old forms of government. Between 1200 and 1800 people obtained wealth primarily from two sources: first, by offering protection to the weak for returns in money, and secondly, after the states were organized, by collecting taxes and appropriating a large portion for themselves. These old fortunes made by displacement of wealth instead of creation, were disastrous to the populations, though endured better than are the legitimate fortunes of the present. At present one-third of the population possess nothing...
...financial loss, if any, could be more than offset by looking into expenses. The possible saving in training table expenses, the cutting down of other extravagances, and the stopping of absolute wastes of money will make a very considerable economy...
...clear tendencies run through all the present discussion of athletics in President Eliot's reports and among the undergraduates. They are (1) toward reducing the money cost of all athletic sports and the profitableness of some; (2) toward increasing general participation. Everybody will admit the desirability of at least these two objects of athletic reform. I believe that the two are not antagonistic, or separate, but go together, and that a solution of the financial part of the athletic question,--subscriptions, price of tickets, managerships, etc.,--will remove most of the real difficulties...
...teams up to lavish amounts. The best check on expenditures would probably be a graduate manager for all sports, such as Cornell has, with authority over all purchases and payments and accountability for all receipts. At present, the undergraduate managers have a pretty free hand in the spending of money...
...cost of our sports and the cost to each man, distribute the necessary cost equitably, give all teams a fair chance, and greatly increase the number of participants. The reduction in ticket prices might be offset by the greater number that would probably be sold; if so, all surplus money for a number of years could be spent for needed improvements; if not, a reduced surplus would mean making those improvements more gradually, and less basis for the charge of commercialism in our sports. J. M. GROVES...