Word: gold
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Dates: during 1890-1899
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...begging the question in ponents were begging the question in that they did not confine themselves to the question at issue nor did they show any possible way by which bimetallism could be put in force. It was 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...
...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...
...Studenski replied for Yale. His position was an attempt to show that the discussion was proceeding illogically, and that the gold standard could not be satisfactorily used. He was convincing, although somewhat vehement...
This league, if founded, they say, might possibly be broken by war. To adjust definitely the single gold standard will be followed by overwhelming financial difficulties. Is this preferable to a league which might by chance be broken...
...second Harvard speaker was S. R. Wrightington. He reaffirmed his statement in his opening speech that the single gold standard was the product of evolution. Is it possible, he asked, that all the nations have stumbled in this one direction by chance. And our opponents assume the possibility of a league. They assume that we may be asked to join it. There can be no guarantee for its permanence it formed. Nations would enter or withdraw as they pleased. Is this the sort of an agreement we wish to enter? In it we should coin silver and lose gold. Then...