udies in this direction. Ten thousand to
twenty thousand dollars would endow a lectureship which would enable
such a college or university to call some acknowledged authority on
political subjects to deliver a valuable course of lectures. Thirty to
fifty thousand dollars would endow a full professorship--though I must
confess that in subjects like this, I prefer lectureships for brief
terms to life-long professorships--and at any of these institutions the
sum of two hundred thousand or three hundred thousand dollars, under
the management of such men as may be found in any one of them, would
equip nobly a department in which all these subjects may be fully
treated and fitly presented to young men. Such a department would send
out into our journalism, into our various professions, and into our
public affairs, a large number of young men who could not fail to
improve the political condition of the country, and would do much to
ward off such dealings with commerce, with currency, with taxation, and
with the diplomatic and consular service as have cost the world and our
own nation so dear hitherto. [Applause.]

I can think of no more noble monument which any man of wealth could rear
to himself than a lectureship or professorship or a department of this
kind, at one of our greater institutions of learning, where large
numbers of vigorous and ambitious youths are collected from all parts of
the country; I do not, of course, say that all of these men would be
elected to public office; in the larger cities, they perhaps would not,
at least, at first; in the country, they would be very frequently
chosen, and they could hardly fail to render excellent service.
[Applause.]

Any man worthy of the name, leaving his country for a long residence
outside its borders, feels more and more impressed with what is needed
to improve it. If I were called upon solemnly at this hour to declare my
conviction as to what can best be done by men blessed with wealth in
this Republic of ours, I would name this very thing to which I have now
called your attention. [Applause.] It has been too long deferred; our
colleges and universities have as a rule only had the means to give a
general literary and scientific education, with very little instruction
fitting men directly for public affairs. But the events of the last few
years show conclusively that we must now begin to prepare the natural
leaders of the people for the work before them, and by somethin