The Hillsdale standard. [volume] (Hillsdale, Mich.) 1851-1909, 1876-06-06

two or three hundred per cent, the
wages OF labor remained the same %
before the imitation began. The moral
results were also shown. At the great
centers reckless gambling in values,
which spread in the country at large,
arose, which led men to look on steady
labor and moderate gains with con-
tempt IL was also shown how the
idea of thift was oblitsrated among
tho French people, though they are
naturally one OF the most thrifty OF
nations.
CORRUPTION OF PUBLIC Axs.
II was shown, too, how the corrup.
ton Of public men followed. Mira
beau, Chabot, D'Eglantine, and others,
who. two or three years before risked
their lives from purely patriotic mo-
tives, had new become 30 involved in
the specializing manic and luxurious
living that Mirabeau received bribes
for their votes in the National Legisla-
ture. II was shown, too, how this
wild luxury extended to the ladies in
the first circles OF the nation, and Q
comparison was made between the sim
plicity OF Nine. Roland in 1872 and
IL was also shown how the idea OF ma.
tional honor was eaten out by this can
cerous disease OF imitation and spscula-
ton, and how men who had risked
their lives against tyranny from the
most patriotic motives. now sought to
depreciate the national securities for
gambling purposes. The fact was
shown by citations from various spec
ches that there was great ingenuity ex.
ercised in giving every reason for the
difficulties that arese from imitation,
save the right one. Curious examples
OF these reasons were given from the
original speeches. He said that when
imitation became hopeless, q body OF
men arose, in the National Assembly
and out OF il, who claimed that infa.
ton was after all blessing, and that
il was good thing to have n currency
that could not 60 ont OF the country;
that in some way manufacturers weuld
be promoted thereby. Manufactures
and commerce steadily decayed. aud
all that saved tens OF thousands OF
workers from starvation under these
circumstances was the fact that they
were sent to die on foreign battle fields.
In January. I1S5. tora, auouu,
issned was t5. OOO. 90, OoO francs, OF
which SO, 900. 600, 900 frances were in
Louis OF twenty-five francs was also
shown from the official tables publish
ed sfterward, and 10 was seen at last
that o franc in gold was worth 2sS
francs in paper. The severe measures
which were resorted to in the way OF
fines and imprisonments TO prevent the
speculation in coin and their fruitless
results, were clearly pointed out. The
measures Of the Directory were then
sketched, together with the issue OF
/ the territorial mandates, which were 10
be as good as gold. These mandates
we're puffed in the newspapers and
pamphlets of the time. and issued with
every guarantee for their security IN
the best OF the national real estate, yet
they deprecated TO thirty and even ff.
teen per cent. before they were issued
from the press, aud at last fell to fiy,
per cent. Tollapss was then described
the ruinous state in which France wal
left. After this vast amount OF papsl
money 30, ,OO0, ,0O0, 600 Of assignats anc
J. 400 .OOO, 900 OF msndats, had been re
pudiated, coin began TO come in easil,
and naturally, and trade having beer
put on O solid basis, prosperity wa
gradually restored.
CAUSE AND RPFKcr.
And having given the chronologica
sketch, Mr.. White gave q rapid logica
summary Of the causes and effects in
volved in the history. He showed o
regards the economical development
that at first there came from this pape
apparent improvement and activity
, but as new issues came more and NOR
frequently, q great specializing debto
class grew and obtained control, an
. that commerce, manufactures and mel
camille interests. as well as labor, a
! sunk into misery together. He the
! gave q summary Of the moral develop
ment; how, out OF the imitation
prices, grew q great speeulating cla'
, who gradually spread throughout th
!, nation, breaking down legitimate bus
ness, and substituting for II q gener'
, gambling; how there came the oblite
alton OF the idea Of thrift; how sens
less and Wild luxury followed; how OF
OF this grew want Of faith in moral col
!. siderations and good impulses; no
patriotism was eaten out by cynicisnl
and how oil this luxury and sItrsv
Qance aud cynicism led TO corruptiC
4 among officials and in the country
y large.
u LEoIsLATIvE BopIka aR6ULArINo yALu
J, Great pains wa. taken 10 show
: these historical events the develo
ment OF natural laws as certain IN the
" operation as the lso's of the natur
universe. Among tie secondary poin
70 presented was the making ~ ina,
;, mum laws, fixing prices VI goods
- paper money. which wrought destru
ton on the small farmers and m'
:, chants OF the country, and broug
ie aboul riot and famine. Mr.. VIII
:. showed that this. too, was the simI
= result Of natural law; and il rose 81
20 ply aud naturally out OF the origir
~ . failacy Of all, which consisted in lsi
:, ing 70 the theories, caprices aud int
~ eats of q legislative body the fxi
= and regulation OF values that can
y. properly fIed and regulated only b,
!" real standard Of value recognized
the entire commercial world.
ie The citations made were from or
- ~ iual sources. from the reports, spec
:. es, pamphlets, and newspapers OF
=. times; and in illustration Mr.. VIII
W used large collection Of specimens
u ~ John Laws money, Of the various
u sues Of "assignats. "msndsts," III
~ et. of subsistence, forced loan cert
y Gates, &C., obtained by him in Fran
-, At the close Of the lecture. or =
10 ton OF Mr.. Elliott q. Cowdin, q VA
IA vote OF thanks was passed TO
ea White, after which the meeting
=, iourned.
lat -
81 a. Accomplished Usspirs.