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Dates: during 1890-1899
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...Subway will be profitable in operation. - (a) More economical. - (1) No wear and tear on tracks from, - (x) Crossing of teams. - (y) Constant stops. - (2) Require no clearing in winter. - (3) (3) Quicker trips. - (4) No accidents from crossing tracks. - (b) More commodious. - (1) Four tracks in busiest part. - (c) Will command a rental sufficient to pay interest on debt incurred, and pay debt at maturity...
...basis impossible. - (a) National bimetallism means silver monometallism. - (1) Only exceptional good fortune has prevented previous issues of silver from driving the U. S. to a silver basis. - (v) Silver replaced disappearing bank notes: Taussig, 38-39. - (w) Treasury offered baits to induce use of silver: Taussig, 20, 41. - (x) Banks received treasury notes of 1890 freely: Taussig, 59. - (y) Large surplus in '85-'86: Taussig, p. 32. - (z) Favorable balance of trade. - (2) Such exceptional good luck can not be expected to continue. - (3) Events of this last winter prove that with an unfavorable balance of trade...
...Single gold standard would give rise to great evils. - (a) Would depress trade and industry: Amer. Jour. Soc. Sci. XXXII, 27. - (1) On a gold basis, the amount of money could not increase with the growth of population and business. - (x) Supply of gold is insufficient: Report of U. S. Monetary Commission of 1877, p. 15; Pol. Sci. Q. VIII, 211. - (2) Contraction of amount of money means lower prices: Mill, Pol. Econ., book III, ch. 8. - (b) Would injure the debtor class. - (1) They would have to pay in an appreciated currency: MacVane, Pol. Econ., 123. - (c) Would injure...
...Intercollegiate football is injurious to the students at large. - (a) Waste of time watching games. - (b) Injury to health watching games. - (x) Dampness and cold. - (c) Hysterical excitement at periods of the great games. - (d) Dulls sense of honor. - (x) Little meannesses condoned for the sake of victory. - (e) Dulls feelings. - (f) Establishes false ideals...
...Intercollegiate football is injurious to the colleges. - (a) Harmful to the students. (See II and III). - (b) Affects the proper flow of pupils to the college. - (x) Many choose a college for its athletic record rather than for its real advantages. - (c) Gives preparatory pupils a false ideal of the purpose of a college, thus encouraging the development of athletic instead of intellectual ability. - (d) Represents colleges to the community as places of leisure and training schools for athletes, instead of centres of learning...