Word: maintained
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Dates: during 1890-1899
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...Hill began by tracing briefly the history of the public schools in the state. In 1647, he said, the colony of Massachusetts Bay decreed that towns of 100 families should maintain a grammar school. This early grammar school was not what we today would understand by a grammar school. It was a preparatory school for college, in which greater attention was given to the study of Latin and Greek grammar than that of English. The Plymouth Colony in the same year decreed that every town which contained fifty families must support a public school...
...condition of the schools was bad, and, as it was found to be exceedingly difficult for a small town to maintain a school of its own, a new legislation substituted two hundred families for the former one hundred. At this time over 200 towns in the state were supporting grammar schools, but this new regulation reduced this number to less than 100. In this year district schools first put in an appearance, and helped to lessen still further the interest taken by the small towns. The district schools absorbed all the educational energy of the commonwealth. Academies supported chiefly...
...Trusts are not harmful. - (a) They can never maintain abnormal prices. - (1) Competition, latent or active, is always a check. - (2) Too great increase of prices lessens demand. - (b) Profits are enlarged by cheapening cost of production not by raising prices. - (c) Regime of combination is less harmful than one of free competition: Forum, 8:67 - (d) Trusts differ from corporate and individualistic forms of industry only in size and complexity. - (e) Popular prejudice is illogical. - (1) Classes most injured by competition are loudest in denouncing trusts...
...treasury notes of 1890 freely: Taussig, 59. - (y) Large surplus in '85-'86: Taussig, p. 32. - (z) Favorable balance of trade. - (2) Such exceptional good luck can not be expected to continue. - (3) Events of this last winter prove that with an unfavorable balance of trade we can not maintain gold payment. - (x) The drain of gold falls wholly on the treasury. - (y) Gold bonds are a temporary expedient...
...market ratio. - (b) This ratio is ascertainable. - (c) There would be no tendency for silver to drive out gold. - (1) A silver dollar would contain a gold dollar's worth of silver. - (d) Our present silver money could be gradually recoined at new ratio; meanwhile government's fiat would maintain it at parity with gold as it does...