The Somerset reporter. [volume] (Skowhegan, Me.) 1868-1909, 1885-07-01

Ness enterprise. w nat we want now - a
market for labor at fair compensation to
| restore prosperity. What il the products
| OF labor and the necessities Of life are
| cheap The fact can do the millions no
good who must sell days works and the
| res ults of days works before they can buy
| the merchandise they need. see that
| several industries are starting up and am
greatly mistaken IN my CALCULATIONS, If
| business is not active IN three or four
months"
| The prediction proved true one because
| IL was based upon the unerring judgment
| OF q man of large experience aud observe
ton. Pity 1t is that The principles Of prac-
tical politicaI economy which uDderle h-
| statements are not made the textbooks III
| American colleges to the exclusion Of the
| works Of the Golden School OF theorists
| and their echoes in this country. In near
| ly every branch OF scientific inquiry, the
| antiqnated a pr,ori method taught by Aris-
! tolle which Bacon and Locke exploded $50
| years ago, has been discarded as useless
| and the posterort or inductive methods
| which makes facts and phehomens and the
results OF experience the basis of iuyesti-
CATION has been substituted. The change
| Of methods gave practical impetus to in
| yestigation which WAS followed by discov-
| cries and inventions which have revolu.
tionized the world and set 10 motion that
marvellous progress which has character
lied the asst two centuries. Aud yet the
men who are permitted to make our text
! books on political economy stubbornly adj
| here TO the Aristotelian system OF treat
ment, declare that all economic nye- tigs-
tion must be based upon "A theory of as
symptoms and ignore facts and expert
ence. They and those who follow them In
| our colleges assume an air OF superior
wisdom and ridicule the practical men to
whose brains and energy, the country owes
everything and without whose generosity,
the wealthiest college in the land would
iamish. l maintain that the judgment and
experience of the meD who have laid the
foundations OF the material prosperity de-
serve better treatment of college lnstruc
tors than to be sneered at. Abner Coburn
was very decided protectionist; and |
can but say here that it would be an insult
to his memory and perversioD of his
generosity, for the schools which he has
endownd to teach the economic heresies of
Sumner and Perry-men who have de-
nounced as little better than highwaymep,
the practical, purposeful and brosd-mendeu
men who have made the United Stats the
first industrial nation in the world
Abner Coburn was not a genius His
career as man of affairs presents no dra-
matte situations, no brilliant episodes. He
belonged to class of men, who, while
| they have always performed a most mpor-
| tant part in every field of human endeayor,
! have never received the credit their due.
| Reticenl and often slow OF speech, defc
lent in that magnetism and audacity
which sway and captivate men, Indifferent
| alike to praise or criticism, behind a COM
mon place exterior and a stolid demeanor,
| Is masked massive intell' ct equipped
with unerring Judgment, indomitabe will,
| u,t, l,,,.p ia
! ity to plan and execute. Because General
Grant was this sort of man, it took the
| Government and the country more than
| two years to fluid out that he is the great
| est captain of modern times. They are
class OF men who can not only face disas
ter without dsmay but they can repel it.
OF such n type was Abner Coburn He
started out in life barefoot boy but he start.
ed with such an earnest purpose, that when
he was sixty, in financial Influence, he was
the first man in the State. He excelled in
whatever he undertook, be it chain carrier
or land surveyor. Faithfulness was the
countersigu with which he passed the por-
| tai of success. With his brother Philan-
der, apart from whom, in his business life,
he cannot be considered, slowly, day by
day. he accumulated fortune, but that
fortune is of no consequence compared
with that impregnable fortress of credit
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in the minds OF the people of the upper
| Kcnn ,bec the fact of their downright, in
tegrty. This insured them the widest
credit which two men ever enjoyed in
Maine. II never saw anything like it,
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