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About Hesperian student / (Lincoln [Neb.]) 1872-1885 | View Entire Issue (May 1, 1873)
HHi ' ff (7-? H ft uyRARY L' II
HHt 1 it , WrN J) I -J LINCOLN. NEHKASKA ' V V f
HH k vAo i tNVy V -J'" X 1
Hesperian I Studeni
i tO I,. 2.
Qui aion Iro licit. Doilolt.
The Good Time Coming.
"'1imi whiskey rlnp have cono up;
"N lien no more bond nru ilinwn up;
Whim folk theft pod. don't pawn up;
When ti;:unboiite eetitfo to HUiah up,
Ami Vnnderhllt to liueli up
'l'lu folk., llmt ho limy lauJt up
Tim road to wealth, wo're nearlng, then,
"Tho Oooil TIiuo Comln:."
Whim firearm nro tncked up;
When no more e.ye.1 urn blacked up,
Awl mguos no loimar crocked up:
When tlio lad Jury mmlo tip;
Wlitin fiery debt U paid up,
And pwd men Join to aid up
The. poor or nil thu world, wu'ru lienr,
'TIio.OoimI Tlmu Coming."
When the lut "reel" If wound up;
And point of doctrine hound up;
When tunia of concord hoiuiiI up;
"When iiiIUp thenipelies don't ptiek up;
When ho mid lrl don", clliitiu up,
urol."(ilil Nick" up,
n. be) oud u doubt will he,
od Time Cciiniiiy."'
tject of Political Economy is
mil properly diviilcil into many
only be tin Al'mul a B, but there must also
be ownership or property in the thing or
things desired to bo exchanged: other,
wise no legitimate transfer can be made.
An action of exchange is also necessary
to 11 x Value. Though there may be n
prospective exchange of commodities be
tween certain parties and even a contract
made to aid the same, yet no value can
properly be said to attach to any of the
tilings about to be exchanged until they
have actually parsed from one person to
tne other: inUil A, or It, can say", this
thing is mine: it has cost me such an a
mount. Perhaps we can best study Value
throuuh the term service I mean one
service as exchanged for another. If, by
this means we can show that value i al
ways and everywhere the same thing; is
always and everywhere the relation of
mutual purchase estaldiedi-wjen two
services by th&r cxohdngiS't ho great atunu
bliug block is removed and we ee thii
science of Political Economy inlTs sim
plicity. And this I think is not dilllcult
to show. The lawyer -serves his lient
and is serveK in turn. Tlie doctor serves
his putlcnf and receives his service. So,
competition is increased and market, val
ue i said to rise. If, on the contrary, de
nial 1 is sluggish, supply remaining the
sanp there Is a desire to dispose of stock
on (and and market value tends to sink.
Thisnmu is true of supply. With this
im .Tl'ect analysis of Value I leave the
suji :t for the present and will have more
to ! y upon the dill'erent phases of Politi
cal ieonoiny in the' future.' 1).
I. (From thu Geruiiiu
cNew Years night,
s window and look
A. Kcw Years Night.
(From thu Geruiiiu of Itichtur.) .
an ld man stood
ked with a glance
dispair up to the' immovable,
ii'jl'.ding heaven and down on thu still,
pditj white earth on which, now, there
wdsiio one so iovlcss and sleepless as he.
Fprhis grave stood close by him, .it was
eo ed on'y by the snow of age, not by
thai erdnreof youth, and he brought with
liiit out oT luwhole rich life, nothing but
erris, sins aiidleseases,".,a wasted body?,
a dsolntc soul, a heart lull ol poison and
an Id age lull of repentance. The hap
py-fays; of his youth returned tu-tlay, tisl
putrcs, and brought him back again. 'to
features raised up, and by means of Vk
superstition which on New Ycar'a Jg
sees gliosis amMuluro events, it was J
last changed into a living' yputlr. Jjfc
could look no longer, he cohered his eyes,
:i thousand burning tears sticamptj, down
and fell upon the snow. In Accents
scarcely audible he sighed disconsolately
"Oh days of my youth return, return"
And they did return. It had, only 'Hecn.,,
a horrible dream. Ho was yet a' JtKlrt.
but his errors had been a radUyLaBPti. Jit,
Y ' K
ST V 3J
thanked God that he yet hi
could turn from the degrading
vice and return to the sunny path
leads to the laud of hut vests.
with him young reader, if thou a
hou aiij Va"c"Jr'
lest I'tlcaiu$Ur ty.
mir iii tlio saiiii! Minliil null Inst ImR tlrmi
become at somu future time thy reajlty, ,v,f
lor it thou llnullv, lull ot anguish, ciy
"Ik-turn oh beautiful youth" Uiqii it
not return again. , V.
KdiicaKikH and 'Aecomi
The men who gnuluatc? from
Uo not go through Ulbcoasiructin
tl.ul uenionstrutini' nrolicuis m
will perhaps be of greater inter-
mine exhatihtlvu discussion of
tlie )lit alone.
As a basis from '. liicit to argue these
(luostjons, I derine Political Economy, as,
"The Science of Exchanges or Value."
"When Adam Smith taught Political Econ
omy in the University yf Glasgow, he re
garded it as a branch of Moral Philoso
phy, and classified it among "those politi
cal aiid social relations which a if founded
on expediency. and which tend to iucrcabc
the prosperity and power of the state."
Util expediency and moral obligation or
di3' are so decidedly distinct that, it is
not worth proving llial Political Economy
is no part of Moral Philosophy at all; un
less, we accept the theory that self-interest
and expediency arc Hie motives to all
I begin with the first named topic, i.e.
Value. 1 dclino the value of any econom
ic quantity, to bo "any other economic
quantity for which it can be exchanged,"
a definition which stands the severest
test and divers all auomolous cases.
"Wo find this term value, troublesome
and dilllcult to comprehend because it is
"t a quality of any object and is in uo
vHh juu to tuo 8(;n8CS5 ),ftt wc constant-
111- n, . ll it were so, when wo say such
y ' " . mis so much value. The truth
L ,'alue is a relative term, indicating
I . i...1..ll.i. ..I.W.I, nun i..li.l.. lw..ii A ....
. i .. j i uiiiiiwii itii;ii tiiiu milieu; uuiiid iifiu
kNA' 'her or a number of others, and con.se-
llUVtf ' lv wn filieni'ci nvirnuii vtilnn tfinua
fi "' " Minethiim ehe. Value, then, kunlltal
Vri ' I' l f.'-P
njiarisoii: anu luucu more uesioca
vo persons and two owners are ncccssa.
fix val'ie. If A desires to exchange
,) tiling whatever with B, there must not
I -IS 1
in 1 then erase i
tween sen ices and commodities? I do
so far as valuers cou((erniyl. I ue ser-
vice in lis broailest sense ami mean uy u
(he ivhilmiiif of an ythinpfor which inethi)uj
is (leiniaukd iii return.! Sometimes people
render what they i"serv;ce.t, out ol sym
pathy, from benevolence,, from duty; but
the peculiar characteristic of' these is, they
are free. Nothinir U demanded in return.
These therefore fall properly in the sphere
nl( .....1..I-. ....! m.. ..ultfiiln lC ltl llfllo 111
ill lllimus.u in mi' miBiiiH. ' i" -
Political -yVconomv. There is no sucli
thinirnsnn exchanj: proper 'vithin the i
..."- . . . . ... .,...
Held of morals and there is nothing eise
but exchange proper in the field ot econ
iJut, is there any perfect standard ol
Value attainable? Most certainly not.
Exchanges, and consequently values, de
pend mainly upon four things: viz, two
desires mid two 'ellbrts. A bus a desire
for mrinethiug which J, possesses, and has
something to exchange for lrrr. vco vcr-
ii. Tliev each make an cllort, to Lcrattlv
the desire of tlte other. Now it'TS'cyidenti
that these desires and efforts must be as
ks of vice, into u black cavi
.hipping poison, full of serpents
it upon their prey, audot dlsmaj
... - . u
oer. AHiMtiiie iihiw nu
uiln his breast and the drops o
oiciis tongue, aud he now knov
Inivas. Distracted and with unsp
f he cried to Heaven; "Give n
youth I O Father; place me agit
he cross-road of Hie, that I mayfi
Hit." But his father and his
c oast long ago. lie saw pi
lit its dancing upon the marshes a
ap earing at the church-yard, and 1
'1 ey are my foolish days." He eaw ft
stt shoot from heaven and, glittering in
its all, vanish upon, JJio earth. "Heboid
.in Jinblem of my Tile," said his bleeding
he t, and, remorse with its sferpent-icclU
du deeper into his wounds. His glow-,
injj Imagination showed him. spectres
iiujiiiir about on the 'roof, 11111111 skull
lAjh had been left In the empty chttrncl-.
lio wo by degrees assumed his o 11 feat
tirti. 'n the midst of this confusion the
nvX ' the New Year How ed clow n trom
I'm t. like distant church melodies.
became less agitated, ho looked
horizon and over the wide
m invun 11 ni'Vllll . ...
wever, cert!lnoc'iiiii"'i'iii" , and thought of the friends ot his
th are clennitelu"',"", ""-trK' m who now, uuppicr mm ucuu
t . . . J Pl 1 -f .1... ....H.l. r..ll.H.i mP li.trt:-,,.
..nfinlKi no lilllmin iKiliirn t lon!,"-'-J'',W!
tl)c cascntlal oeuicnts of VaW, wk ,u ,;,,,
vary withtUfljjv Vnttei,.i M.cim. i"' n
ni V11 iumui nrn inn i " "-ifr,
wi.toir atiiBvi noif-nt it in ii. ' " 'ciA... leiicbeis of the earth, fathers of happy
As m&it .nonBl. X ' '"1 .of on! hnd l"? "tt,d
MlQw: A Oauand aiuUiwirexM'Cod W'- u lalsomlghtsluiuberwiiliietu.
(.tearktftlvaluelsthelutiou. Jtuic.tiy, hmA '; lu "'"a 'li A "
atplallt' sunnly: thr " "-iu iuiihi uiouurp- ii. aui ukiuvim iuuiu, "
wWdju8tec",a "a to ",s Bn'iUu fuuna'-i ; ca to thy instructionB, I too
rvU'tobltWllottnl to learn qChir iiMl uugni aivo ueen nuppy.
1thvn8afc'0oiltudimtnna'a. In this Amid these leverish reminiscence 01
wayfippi" A,"u'ldii f.Ut.riuj'a estahlishea lis youtlV, it iqipeared to him as if the
If1tbraaV.klmlorwM'w'.d is qulckom?d, jkulliu'Cuo chtancl house bearing bin
' H-ilj Ifkciri 1
-VM . VUI4UJ
.ww,,-----,. - .
iL r:a s.
Its of these sevcKl studies tfo
i..i !.. i'miiii-ii iiA-ociim'iif'an
applied whenever requijeu.
cduciued woman win uunu
tcdlculous by talking La
K the Greek Anthology.
too much cood sense for
cs as these. But her college drill
iveher.the strength, tho'Vigor of
the training of faculty and win,
rterial and the standard fiycoinpar
ivhiuli she will find of Incalculable
I il k.ilMti1.ka llfl ll
ICo in an sue ever uuuuuiui... -
complishcs. The house Is not the ies3
tasteful and elegant for resting on a rocu.
What women need is not less accom
plishments, but more of tlio solid educa
tion, thorough tralning-whlch serves as the
propel- foundation for all graces and refine-' -uients.
To-day women are accomplished '
to death. They have been taught to think
that graces, aud refinements, and elegan
ces, are everything. They waste' their
lives in adornments. It is an rumo aim
no garment. To sing and play the pluno,
and .dance, and knit, and sketch, uHd,
clmiri nd dress, and' entertain company,
mid visit, and the thousand other nothing
that wo have not the patienco to enumer
These make up the sum of u fashionable
woman's existence: and underneath it all
there Is the weakness ot unuevciopcu
powers, the vacuity of an uustorod mind,
the listlessness anil irivollty 01 an lmrna
ture soul a woman In years, but a child
in eveivthlnir fnat pertains to tlio real cle-
. ".. t il inula fif lior l!tl
nienis oi ncr iiuiHio """ " , .,
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