The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-05-28
TIE MEASURE OF yALuE
Our Old Banker Relates What he Heard
About - Measure OF vaiue. md How He
Nearly Perlshed In n Conuiption FIT.

! oornJo,ne 4, tbo nlnin ,rutb that n gold dollar
10 nv ;nyar;n,i. moos,,ro If yo,ue TINT I felt
are Ia would coon tano,o hims,lf nm.
FINALLY I asked hin, n nil tho scientific fpap-
,;o.s Ala nnt thint ,,o,d w,s n n yod n,oosure
| -, ,n., -, 80 r,Is,io, 10 n a al, r,,nsnra
| nti.nrth
wal o,,1,ho .i,vor m,n "lot ia settle
| nj, ,bnso noints :, a ,ro % along. What ia n
scisn,ioc ,innnci,rg"
| Th;s n,. .,,,i 4, ,,,r+ o,d op,iro,v may
| ,ec,e,, ,uos,I,n thot 1. lpoc,.od NV THOUGHTS
| oil nm ", n confnsndhoon Itow,v,r 7 soon re.
| covsred mvsnif and .,iL n w.s n nerson who
| cI,,noI rnssnss;a, or :, soinn,;n, l. nnwloayo
| n, onnnoo .nd ,,,s h.,,arod hy tbo bost ;ndrcs
| of sucb tnowio1oo Ia vii tho hnntera
| "verv wo,, F" soi,i Lo Win -, s,rc,s,ic emilia
| eft ,s enav for, man 70 CIV ho b,e 4. scientific
lnow,e1ge ~ finance Inf how do Won know
wbe,ber he is taling tho truth or not2 Ono of
tho enrliest works on finance which onnenred
after the close Of tho ciyil war, was n vnnid.
superlcinl ofYair. IN which It's author 81 rIed
| bimse,t sixteon timoa n .scinn,in, on,nci.r,
| In f,,t bo h,J ro.,r+,y nv ,h,,,,J ,,ron,bin,
the (;osnoI Of .Josus n, N,zare,h for tba mora
cong,,i,I hus,ncss or nroc,,i,ri,c III, ,,ootr;ro
that rold h,s n nx.a intr;nc Ell, y,ir, md thot
nothing eIs, conlL Ia rn,I sciontin, ,nonov
In reality he tnow ynrv li,tls about bis chi.
iect. hut most ~ tbo hanrors horsbt his hool
and trensural II az n na,rl a, groot nrics
But what ia the cruci,, tcst whatber n man
is actually scientific or n false rr,,enIary"
Ind nnxer ihon.ht ~ this tact on,, oo,,,1
not think what to rcnlv. Finally, I snid With
much dignity that ! f.i,od IN soo onvrs.nf
answering snc,, uue,r ouos,ions M ,Lis NV
onnonopt ro,,iod that h,hod or.o, bo,rJ NJ
nersons in n cornnr ,,rowin,, d;,rirod md
having nothino s,v RI, " s,id H., "I hara
something n .,v Nh, tr,, tost ~ , ron,s
scientific nttanments ia his no,ror 10 noi.a
accurate nreIirtiops scontjGc ostro,omnr
can nredict nm oclinso nst Ia ,ho n,ir,t, ,,no
before II occurs A scientific chnm;st On nrn.
dict what rosnlts wii, foIlow rror, tho u,;.tnr.
n, cortnin obom;o,is soi,n.in. nn,.inaa.
nredict. tho stroncth =, n hr;Ino ,asnra ha
hu;lda n Tbn n,on ,,Lo huut tho proaI,,.
Rid. ,,.ro ..,,nt,n, ha,.,, 49,. -,
forohand ,vbot Tho raorIt ~ thoir ,Ions ,,,>,,la
ho Thev did pnt boyo =, wit tor tb., ,.ias,o
IN foI, down ~ ita own ,yairht ~ tror, lit
Ioods or5 ho rohrilt sa,.orai ,I,,o. ,,,,, 80
tnew how rouoh I,,d ~ would nar.,. .h.. ,,,,
ali accnr,tnIv comnnted ha,nroI,nrJ '' was
CIV sbort ,non ,ri.h , ,on,,,, ,.,c
tnowledpa ~ n nar,icnlar snh;oat o,n nI,naS
mota roIio h,o rrodio,ions ,o,atira :" .t.',
;n.t ,,a M ,aou,o., -, 81. '.s,s., ,.' Su
sttrtoo M rnto;,;ns. 49,. -, .,'.,.
n,ooision - his s.iant;an o.t.;s.,, "A'A
MT tho ,,or 20, ali .sa;",'tia
h.,, hoo, o.ns,,n.I -; -.
which oronts h,ro sb,., - ~, ,,s. 80
on tha nronna,ioa -, ,hn, a.s,, 80. o"''
tia+s, hars hoon atoo se,,tn e.'on-
,,t,,,. o.. 49, ... 49,. ~ ' 9. i'''sase
~. ..... esu -, S,,' noou "..et
will Inom., .aha.in IL 80, ia" AZ i"''"
,,sIar, s,'., lIauo npee'h ~,
,.ap,s, ~ 'a' do "a u ieS'.''
n.. oI''. BUSINESS ,s "o"'u nc III CHAOS III
80 os anu n .,. uaper III inc
~ ... 'Hou '''i' iooiei epeech
..ro. -. 49,, W - oioui' 'eio"'iet.
e' S.e'e'nno 70 nno'"er Conspicuous
al ano. u. "a, 'Jl"o'. pu' We sho'''"
,'ss 49,. 49, ~ o'o' o."au' because
$500 - ~, s,nla,,,,t. ~, son y, u.e ~
~. s,.,,, 1880, - o'' Wv ms. no
go ""e t 49, son'' p.. wa. 10 Anew hoth,hc
further selfish interests. and made bv kecner
minus than his own to fool that 1t was neces-
sary for him to pretend to know. So he looked
around and saw a considerable number Of ner
sons on the Same boat. each one Of whom wore
badge furnished gratis by the banking fra
upon or. sir. cleveland deemed 1t wise to Chamber
into TINS boat and then shout: J. too. am |
scientific ilnancler am in tho right boat.
Now liston I, y NV nrodio.io,.,
The only dfr in, between Grover creve-
that tbe latter h,a nat haon ,rit., 81, yo,ifar-
'""' 'ie '".'ei mas ho' peeh 'u''e 50 'ociter-
Gus prophet as his predecessor. But his head
is clad in tho same mail of narrow conceit and
Is eluaiiy ihiperNious 10 IDEAS.
"Harrison's Secretary OF tho Treasury re-
:, 80, a. ,. -. NV. ~ " ..,..,'
haa the canoor 10 aunt ti'a' me authorities,
on finance had all made an unbrokcn series Of
false predictions for n long time hut aDnar
Ill, I. h,I no,,o a,.on I,n.,ol ,,',a., -
eh'y' ~ "au no''i e'ei va" h"u upon MN
q thpSn productions lneyitn hla
logical frult of the fnl SO fundamental p-cnises
hnid NV IN. authors Of those nrndctions IN
hc'o ny III" "u'''0'' VI ''oao p'tnr'ioHs III
common with himself and his official chief.
III man should predict an eclipse OF the
moon Which u'u hol occur VIC ""usu at once
dismiss him from consideration az charla-
tan Ought we not to regard those who make |
n u - ass - ''
tEnn reminded tho silver man that even II
nj, Iva hoI sniL about IN. tr,I. tnst Of a mans |
un co. liz rttuimn,rnts were true he i'm Il not |