The times and democrat. [volume] (Orangeburg, S.C.) 1881-current, 1911-11-25
KEEP Ir Sane
Dr.. chairman, ct CussH, Says the
SsGh is B4pe "a he hsEan
In A NOTABLE SPEECH


Curren4:y, Socialism and Other Maiss
ters of Interent.
Dr.. Jacob G. Schurman, president
of Cornell University, and one Of the
most notable figures in the education
al world, was in Atlanta for sholt
time Thursday, being rendered a
luncheon at the University Club by
the loca! alumni of Cornell. In o
speech following the luncheon Dr..
Schurman uttered significant warn-
ing in regard to the spread Of social
ism in America and predicted th.:-
the conservatism Of the South Wou.I
work the country's salvation.
Governor John NJ. Slaton intro
duced the guest of honor as one who
had demonstrated his ability to fill
the role OF the modern college presi-
dent, politician, flnancier, literattse
! and gentleman" Dr. Schurman be-
gan by telling of his attendance at the
Bankers Convention in New Orleans,
where he delivered a speech, but
shortly afterward delved into politics,
speaking warmly of his fellow-coE.
lege president, Woodrow Wilson, OF
Princeton University 80
II have been in every section OF
the United States during the past few
months and have had opportunity to
study the political situation thor
oughly," said he. 1t seems to mo
that political conditions are undergo
ing a radical change-that We are
returning to the discarded theories
and ideas of 1000 years ago. So
ciausm is gaining in every section Of
the union, save In the south. In the
east several socialists are in legisla-
tive halls. In the west socialist may
ors are ut the head OF many munlci-
palities. The north is undergoing
the same fever of unrest.
In the South alone have foLIl
that same spirit of conservative pro-
gressiveness which marked the spirit
animating the founders of our coun-
try. The South will be the salvation
OF our country, for, from it will spread
the right kind of conservatism, bring
ling back the erring sections to q
realization of their mistake. Iha
South is the home Of conservatism.
and sticks close to the old landmarks
as hewed out BY the fathers in the
early days of the Republic.
"While in New Orleans l had oc-
casion to speak on currency problems
in the United States, and this, 1t
seems to me, Is question as impor-
tant as the spread OF any particular
party or belief. The currency Of tho
United States is relic Of barbs ism.
1t is founded on bonds inste1i Of on
assets, which can be quickly realized
upon. During times OF financial
stress each bank boards every penny
possible, letting every other institu-
ton go to smash rather than Itself
risk financial disaster.
L
renty, such as that possessed by
France, England and Germany, for in
those countries when money is needed
it is sent to the places where the con-
gestion occurs. When things grow
dull, it is withdrawn and sent to 9TH.
er places where it is needed. Here.
the banks holding the money, con.-
tinue to hold 1t, regardless Of circum-
stances. A country cannot attain q
proper development under such con-
dltions."
DR.. Schurman has been connected
with Cornell University for twenty
five years, and during that time has
been slgnally honored several times
by presidents OF the United States, be-
ing head OF the first Philippine COM
mission, as we'll as holding places In
number OF other Influential bodies.
As an author he is well-known in the
nglish-speaking countries, while as
professor Of mental and moral phil
osoDhy at Cornell he has gained a
wonderful reputation.
A member Of the Phi Beta Kappa
fraternity he was educated IN London
and Edinburgh, receiving his degree
az master Of arts and doctor Of SCI
ence from the University OF Edin-
hurgh in 1878. In addition to this,
he studied in Heidelburg, Berlin and
Cottengen, Germany, and in Italy.
Columbia University conferred the
degree OF doctor of laws upon him
in 1882, and he IS honorary fellow OF
the University College, of London.
Rains Do Much Damage.