Word: par
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...attention has been paid entirely to the new candidates, in order to put them as nearly as possible on a par with the old men, who will be called out directly after the mid-years. Several other players will also come out then if their work permits...
...shell, so it is hard to speak finally of their work, but in the barge they have been improving rapidly under Mr. Lehmann's coaching. They will have to do a lot of work in the next few weeks, however, for heretofore they have been very far below par. Yesterday the order was considerably changed. Biddle went to stroke, Byrd to 6, and Howard took Glidden's place at 4. The order was as follows: Stroke, Biddle; 7, Higginson; 6, Byrd; 5, Heath; 4, Howard; 3, Tilton; 2, Brown; bow, Saltonstall...
There have been two great, undeniable evils under the gold standard-the destruction of the par of exchange between gold and silver-using countries and the fall of prices...
...Dorr '97, the second Harvard speaker, caused a laugh in rebutting MacFarland's point about the destruction of the international par of exchange. "He says it is so, but he brings forward no facts to prove it; we have his word no facts to prove it; we have his word for it, but that is all." If it is true it matters very little to us for our exports to silverusing countries amount to but a handful. In regard to the second claim, that falling prices are a result of the gold standard, he denied that they are an evil...
...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 in prices remaining...