The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-06-25

ackn 0w ledgment that she Is OF to be trainer Of
felt It Is l DO to-day. This form, ideal though 1t
may be, OF the nrst President OF our
SonossS univsrssy which patient ana loving art
us TO look upon tells the whole stor,. 1t is only
little more than two centuries since the soil OF
what ID now U nnecticut was mrs. pressed by the
loot OIL civilized man. Yet one OF those centuries
has passed and three-quar tiers OF another since
education commenced IN the then sparsey settled
colonies. little further on, and schools were
lowed. from the !. public domain. 1.-The The law did not
compel . man to be educated, but custom. which
Is oitenilmes more powerful than law, did. Our
fathers at the outset realized that goodness
can only come from those who know
how to De good. Hence these surroundings; hence
this atmosphere OF learning; hence these annual
gatherings OF the sons OF Yale TO renew the
vows of the past and do homage at the lap Of their
But there is more. few BOOKS donated from
the scanty libraries OF those appointed to
walk before the people and guide them
the first material contribution to the work which
had been begun. Every leaf would have cost It's
been devoted to any other cause than the one he
SO warmly cherished In mis- heart and bound to-
ge'her those who SO FULLY realized that wherever
knowledge Is there also Is power. The rock
on whcn they built was the rock OF their egiOn.
Before our eyes now 1t seems to have been cold
and sim, and not unfrequently irreligion, but Il
was religion. AS such II was received and as such
II has stamped the char Ter oil the teachings here.
1t q more attractive form, but time has never
taken away from the seekers alter knowledge q
Teaadg sense q me ruin taat CONNECTICUT com
milton oil the wisdom Of the laws which come from
above. Such was the beginning. Who can meas.
ure the vast magnitude Of the results
THE LAW SCHOOL sENI-CENTENNIAL.
The Yale Law School celebrated It's semi-centen-
TINS afternoon. President Porter opened the pro-
ceedings with prayer after which ex-President
Woolsey delivered an interesting historical dts
The great feature OF the programme, however,
was the Grafton OF Mr.. Edwards Perrepont,
LII D., on ''Ihe influence Of Lawyers Upon the
Freedom OF Governments, and the influence Of
Moral Forces Upon the Prosperity OF Governments"
EDWARDS PIERREPONT'S GRAFTON.
Mr.. Pierrepont was loudly cheered as ne arose to
deliver mis- discourse, the substance OF which Is as
The founders Of this Republic were wise in their
generation, Dut OF the great future not much
was revealed. In their day no steamer had
ever drawn 200 men over the earth the rate
OF sixty miles an hour. Buffalo was then practt-
cally iurtner from New York than San FRANCISCO
Is to-day; then communication between America
ana England was had after long and weary voy-
age. while now letter written IN london At the
his inspiring beams can gid the morn upon the
topmast bouRhs OF your Forest City. On the West,
less history, looks over into our faces on the East
we can talk with ChristendOm as we will. Mexico,
embrace and then the commsrce Of the world Is
at our feet With every climate, with every SOIL
with every mineral and every tree which the needs
schools, free suffrage free speech; with slavery
abolished. energy. enterprises, activity unparal-
ence OF the past, can we fail to become the great
est nation upon which the sun ever shone Yes;
spirit of this people and sturdy honesty drives out
imbecillty and corruption Moral forces as well as
physical advantages must be considered in calcu-
latlng the future OF nation. No government can
prosperousy endure. which, in the main, is not
administered by the higher intellect and the higher
moral sentiments OF the people. II requires ability
as well as honesty to govern great nation wisely;
and yet our people make frequent protest against
lawyer to try an important cause nor an ignoranG
mariner to sail valuable ship but they often elect
legislators to make laws who know scarce any
thing, and about laws and their OperatOn-noth-
ing. AS the country advances new and complex
relations make government the more difficult and
q higher order OF craftsmanship Is required.
DIFFERENCES OF OPINION.
Our fathers declared that all men were born
snS a We nave IN
some OF whom nave no education whatever Our
theory Is that the most ignorant must govern
Louisiana and the other reconstructed States are
giving our theory rude test But we are told
tnat the trouble IN those states comes or the fault
OF the South. But when your kitchen Ia on nre It
does not help the matter to excialm that 1t Is the
house. Wnsn the war was ended
could see that though slavery was dead its corps
was nnDuried and chained last TO the loot OF the
disposed Of But 1t was not thought desirable
that statesmen should NEEDLE IN this matter and
upon theories crude, Ill considered and impossible
OF success The seeds OF this Jolly are producing
fruits alter their kind, and bitter fruits they are,
more dangerous to liberty than any that ever
THE MONEY QUESTION.
We drift away from the economy Of former days.
During the early years OF Washingt0ns admins
tration the entire ordinary expenses OF the federal
government were but $l.877, 600 Q year; while the
taxes OF the single city OF New York this year
$50, ,945, and the cost OF the federal govern
ment for the fiscal year. this month ending. as
estimated OV the Secretary OF tile Treasury. Ia
$319 1913, 736 little arithmetic viii show that our
expenses have Increased In far greater ratio than
our population aud res0urces-an ugly Iact-sO
ugly that no one seems willing ~ look II In the
lace. The city OF New York will best illustrate
str0yed by moral causes. Better placed Tor COM
merce than any other great city on the
and imbecile government neglecting the PIERS
docks, storenouses, elevators and other facilities
for business, has through fraudulent practices, 80
Increased the taxes ana other exactiOns upon the
merchant, and thus made his expenses so enor.
nous, that other places can undersell him; aud
trade, never sentimental or aesthetic. goes where
1t can buy cheapest. Money has q closer relation
to morals than Is generally admitted. In all his
md md that isxity in money matters is followed by
looseness in morals; and among other evidences
note . favorite theory. quite prevalent Just now,
tanning divorces, on the ground that facility OF
divorce win diminish the temptations to vice -
that is, legalize robbery to prevent BURGLARY.
ECONOMY Is A STERLING VIRTUE
In the administration OF the state, and without it
o Is IL
ing vices and leads by easy grades to numberless
crimes. 1t Is the curse OF our day; It came OF the
issue Of irredeemabe paper money 10 carry on the
war; and when the war was ended luxury had
produced an intOxicatiOn too dreamy to be v0lun-
tarily abandoned. Our duty was plain and to
any one worthy to be called statesman our in
terest was az plain Is our duty. We should have
turned all our energies TO keep our faith. to re.
deem our promises, to stop our luxurics
and end the sham which has cor
rupted the nation. Like towards we have
shut our eyes 20 the truth and revealed
In decisions until we can deceive ourselves no
longer. The reconstructed States, eager to prosper
with the rest issued bonds which they never hoped
TO pay, ruined their credit and their thrift and
tumbled into anarchy, while we OF tue North have
piled up our debts until our taxes are burden
grievous to be borne. We wake from the decclv-
ing dream to learn that the American people are
subject to the Same laws Of nature and OF finance
as other mortals; that promise to pay dollar IS
not dollar any more than promise 70 deliver
horse for load or wheat received Is horse !;
that our Industries are paralyzed because
confidence has ceased, and that the issue
ar v,,c n