ized in
the North between several colleges for competition in oratory and
scholarship; it had a couple of contests and then died of inanition and
want of public interest.

During the period I am speaking of there has been an enormous advance in
technical education, resulting in the establishment of splendid special
schools, essential to the development of our national resources; a growth
of the popular idea that education should be practical,--that is, such an
education as can be immediately applied to earning a living and acquiring
wealth speedily,--and an increasing extension of the elective system in
colleges,--based almost solely on the notion, having in view, of course,
the practical education, that the inclinations of a young man of eighteen
are a better guide as to what is best for his mental development and
equipment for life than all the experience of his predecessors.

In this period, which you will note is more distinguished by the desire
for the accumulation of money than far the general production of wealth,
the standard of a fortune has shifted from a fair competence to that of
millions of money, so that he is no longer rich who has a hundred
thousand dollars, but he only who possesses property valued at many
millions, and the men most widely known the country through, most talked
about, whose doings and sayings are most chronicled in the journals,
whose example is most attractive and stimulating to the minds of youth,
are not the scholars, the scientists, the men of, letters, not even the
orators and statesmen, but those who, by any means, have amassed enormous
fortunes. We judge the future of a generation by its ideals.

Regarding education from the point of view of its equipment of a man to
make money, and enjoy the luxury which money can command, it must be more
and more practical, that is, it must be adapted not even to the higher
aim of increasing the general wealth of the world, by increasing
production and diminishing waste both of labor and capital, but to the
lower aim of getting personal possession of it; so that a striking social
feature of the period is that one-half--that is hardly an overestimate
--one-half of the activity in America of which we speak with so much
enthusiasm, is not directed to the production of wealth, to increasing
its volume, but to getting the money of other people away from them. In
barbarous ages this object was accomplished by violence; it is now
attained by skill a