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PUBLISHED EVERY FRIDAY MORNING.
Y. MO
- M.S, SB Alabaster
* M.Pd, MS Sibuola College
* married July 11, 2003.
* internated in New York.
* Elected to the College.
A. M.J., Pennsylvania
Night School.
LAWRENCE, KANSAS, FEBRUARY, 26 1892
VOL. X.
Historical Seminary.
The meeting of the seminary last week proved very interesting. Prof Blackmar presided and after the report of the previous meeting Mr Miller read a paper on the History of Paper Money in the United States. The chief points emphasized by him were: The first issue of paper money in America was made by the colonies in 1690, in order to procure means for an expedition against Canada. For a time the notes circulated at par, but the excessive amount of their issue caused them to become worthless. In 1751 and in 1765 the British parliament passed acts prohibiting the further issue of paper currency. In 1775 the colonies again had recourse to paper money. An immense amount of it was put out and it soon became valueless despite the efforts of the continental congress. In 1862 notes were again issued on the credit of the government. They depreciated in value but by various acts of congress were finally restored to par at which they have since remained.
Mr. Raymond next read a paper on the Sub-Treasury Loan Scheme. He said: The late movement of the peoples party has put the farmers to thinking as never before, but has caused the development of extreme ideas. It has caused them to criticise closely the existing constitution. The platform of the Cincinnati convention states that there is not enough money in circulation. It is the stamp of the government alone, which makes money of gold, silver of paper; therefore congress should issue enough currency to allow free transaction of business. The establishment of a lower bureau under the supervision of the comptroller of the treasury is desired.In the various states, sub agencies shall be established, through which money shall be loaned on real estate, not to exceed two-thirds the value of the property at one per cent per annum. Store houses shall also be erected, where non perishable goods may be stored and money borrowed on them.
Mr. Noble read a paper on Credit, the substance of which is: Wealth is power in exchange. Demand alone makes wealth. Credit is the belief in the future ability to pay. A debt is not money owed, but a moral obligation to pay money in the future. Credit is wealth as long as it has power in exchange. When it yields to profit, it becomes capital.
Value is the ratio in which wealth exchanges. Demand, not cost of production, gives value. Money is credit so far as it has purchase value. It does not, however, commodities. Mr. Noble followed Mc-
Cleod's theories which are not wholly accepted by modern economists.
After a spirited discussion of the papers read, the Seminary adjourned to meet in one week.
LEGAL BRIEFS.
No junior moot court this week.
Price left for St. Louis Saturday.
Kent club has taken a new lease of life.
Judge Wilson is visiting the home folks at Oswego.
Graham passed a few days at Lancing last week.
Shields spent Sunday and Monday in Leavenworth.
Some of the boys were opposed to having a holiday Monday.
A number of Laws will become members of the moot senate.
The juniors commence the study of Domestic Reactions next week.
Jackson attended the G. A.R encampment in Atchison this week.
The seniors began the study of Real Property under Prof. Gleed last week.
The juniors have resumed the study of Commercial Paper under Prof. Green.
Kent club will try and make its meetings more attractive by having music on the program each meeting.
Rush and Sears represented the law department in the production of The Child of the Regiment last night.
Myers is the champion light weight wrestler of the school. Judge Wilson and Byrnes are the latest victims of his prowess.
Considerable excitement and amusement was caused last Friday by the circulation of a very warlike petition by one of the seniors. Fortunately it was destroyed before any harm was done.
The following officers were elected and installed at the meeting of Kent club last week: President, Beasey; vice president, Cranston; secretary, Weatherby, treasurer; Fisher, sergeant at arms: executive committee, Walker, Wilson and Shields.
The Child of the Regiment will be presented at the opera house again tonight. This is a play of recognized strength and will be presented by the best local and University talent. The University Glee club will sing. Remenber,too that the proceeds will go to the University pipe organ fund. Tickets on sale at popular prices.
The question of having 'field day' earlier than usual this year is being agitated. This would undoubtedly be a good scheme.
Home Talent Tonight.
PERSONALS.
Horton is a pledged Phi Gam,
Will Overton was in town Satur day.
Phil Knowlton was in town Saturday.
Earl Brown has been quite ill this week.
Prof. Blake lectures in Topeka tonight.
Miss Maymo Barrett was in town Saturday.
Miss Mable Hall visited in Topeka Sunday.
Frank Edson attended the Phi Psi party last Friday.
Van Brunt spent Sunday with his parents in Kansas City.
Prof. Bailey delivers his last lecture at Ottawa this evening.
Miss Helen Simpson has been visiting in Topeka the past week.
Miss Lenox Dare, from the east is visiting friends in Lawrence.
Thornton Cook spent the vacation with his parents at Herington.
Prof. Snow lectured before the Abilene High School, Friday night.
Prof, Canfield was unable to meet his classes this week on account of sickness.
Mrs. Carruth has been unable to meet her classes this week on account of illness.
Howard Peairs has entered school again. He is taking a special course in chemistry.
Mr. Griffith, the inventor of the "Griffith Club Microscope," visited the University this week.
G. W. Harrington, '86, was visiting his brother W. P. Harrington the first of the week.
Fred Morris, who has been working in Denver the past year, has returned for a short visit.
Miss Mary Bigger, who has been visiting Miss Allie Mason the last week returned to her home in Kansas City Tuesday.
I. F. Morse, who has been working in a sugar mill in Louisiana,was shaking hands with old friends,the first of the week.
J. H. Higenbotham was married last week to Miss Bernedine Mitch ell of Chicago, at home, after Feb. 28, at Hotel Alwood.
Prof. Dunlap has been selected as one of the judges on thought and compositions for the Colorado State Oratorical association.
The democratic students were canvassed last Wednesday with a view of ascertaining how many favored Hill in preference to Cleveland for the democratic nominee for President. Cleveland had a large majority. It would be rather too difficult a task to canvass all the republican students.
James Whitcomb Riley.
The noted Hoosier poet, James Whitecomb Riley, will furnish an evening of delightful entertainment to the people of Lawrence at the opera house next Friday night.
Perhaps no American poet is more widely and favorably known than Riley whose simple poems combine sparkling humor with tender pathos in a way that touches the hearts of all mankind and has given him the name of "the Burns of America." At Kansas City he was given a perfect ovation. A large audience is assured here. Chart opens Tuesday.
The Moot Senate.
At a meeting of the students held in the chapel on Friday, Feb. 19, a committee of three was appointed by the chairman, Mr. Holmes, to prepare some plan for the organization of a moot senate. The committee was composed of Messrs Adams, Copper and Peabody and was instructed to report at a subsequent meeting fixed for Tuesday, Feb. 23, at 1 p.m.
At the meeting held Tuesday the committee offered the following report:
ARTICLE 1.
SECTION1. The name of this organization shall be the Kansas University Senate. The purpose of this senate shall be the discussion of governmental questions in accordance with parliamentary rules.
ARTICLE II
The officers of this senate shall be a president, a president pro tem, who shall preside in the absence of the president, a clerk, and a sergeant at arms who shall also act as treasurer.
SEC. 11. These officers shall be chosen by a majority vote of a quorum of the senate at the first meeting of each collegiate year.
No. 23.
SEC. iii. The president shall be a member of the University faculty.
SEC. iv. The duties of these offices shall those usually assigned to them unless otherwise specified by the constitution, by laws, or rules of order of the senate.
ARTICLE III
The following classes of students shall be eligible to membership. Any senior or junior in the collegiate department; any special student who is taking optional work in the collegiate department; any law student who has taken or is taking work in the collegiate department.
ART. IV. The president of the senate shall have the power to declare an adjournment at 11 o'clock p.m.
*ART. v.* This constitution may be amended by a two-thirds vote of the members present at any regular meeting, provided; that notice of such amendment has been submitted in writing at a previous regular meeting.
BY LAWS.
ART. I. A quorum of the senate shall consist of a majority of all of the members of the senate.
ART. II. Any member absent from two successive meetings of the senate shall lose his membership; but may be reinstated by a two-thirds vote in regular meeting.
ART. III. Members of the senate shall be assigned to states by lot, in a manner to be prescribed in the Rules of Order.
ART. IV. A committee of three on Rules of Order and method of business shall be selected by the president and announced at the first regular meeting of the senate. The president, by virtue of his office, shall be a member of this committee. It shall be the duty of this committee to submit a report at the next regular meeting of the senate.
ART. v. The rules contained in Roberts' "Rules of Order" shall govern the senate in all cases to which they are applicable, and in which they are not inconsistent, with the by-laws, or Rules of Order of the senate.
ARTICLE VI.
These by laws may be amended by a two thirds vote of the members present at any regular meeting. The committee also recommended that the place of meeting be at the University and that the time of meeting shall be upon Tuesdays, at 8 p. m.
The above constitution was adopted and the following officers were elected. President, Prof. E. D. Adam, president pro tem; O. H. Holmes, clerk; Harburger, sargeant at arms and treasurer J. M. Challiss. It was decided to hold the next meeting in room 15. The meeting then adjourned.
Prof. Mayer has entered Harvard as a special student in Natural History. Mr. Mayer always desired to make Natural History his specialty.