Word: adoption
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...MacFarland, Div., the first Yale speaker, claimed at the outset that Harvard had misinterpreted the question; that the real issue was for them to prove that the United States should adopt definitively the gold standard, and should once for all put themselves beyond the possibility of a change. He then went on to claim that this simply meant a continuance of all the unrest and disaster of the last twenty-five years...
...second Yale speaker, Charles Upson Clark, began by denying that the negative were urging higher prices; they merely wished steadier prices. The question was not of the relative merits of bimetallism and gold monometallism, but was solely as to whether the United States should at once and definitively adopt the single gold standard. This action, he maintained, would not restore but would destroy confidence, because it would be a surprise and would maintain the ills at present existing. The policy of the country for twenty years has been steadily tending toward international bimetallism. To change this policy would cause...
...Yale's position that the Harvard speakers if they maintained that gold monometallism was a product of evolution were in the wrong. That if they declared that what is virtually a gold standard here in the United States has been beneficial, they were mistaken. And that to definitively adopt a single gold standard would be to bring about the evils of silver monometallism. The rebuttals were full of snap and vigor and were by far the most interesting parts of the evening. During the speeches the different methods of presentations of the two sets of men was noticeable. While...
...Dorr '97 opened the rebuttal for Harvard. His speech was a summary of the affirmative position. He said in part: We affirm that the United States should adopt the gold standard. This is our definite position and to it we would narrow the question. Bimetallism would cause a break in the par of exchange and would upset prices. It would not prevent the fall of prices. Prices fall because the proportional increase in production is greater than the increase of money. Under a double standard, money will increase proportionally as under a single standard. At best bimettalism would result...
...annual Harvard-Yale debate will take place tonight in Sanders Theatre. The question for debate will be: "Resolved, That the United States should adopt definitively the single gold standard, and should decline to enter a bimetallic league even if Great Britain, France and Germany should be willing to enter such a league." Harvard will support the affirmative. Each speaker will be allowed twelve minutes for his main speech and also a rebuttal speech of five minutes...