SEMI-CENTENNIAL CELEBRATION 169 



Think of giving $10,000,000 to find out new ways of spending 

 money ! It shows, does it not, how clearly the great possessors 

 of money like Carnegie and Mrs. Sage appreciate the problems 

 of using wealth with wisdom. And they, of all people, having 

 unlimited millions in their control, ought to know ! 



I come now to the application of what I have to say. Gentle- 

 men, we are not farmers, or professional men, or business men, 

 merely tc make money; we have also a great responsibility in 

 using it. If we teach our boys that the only object in life is 

 cash, we shall expect them to produce nothing but cash — and 

 afterward waste it, or use it to their own ruin. In a new country 

 perhaps it was inevitable that the main emphasis should be 

 placed upon wealth production. But we are no longer new; 

 and we are very rich. Is it not time in our educational system, 

 and in our home-training, to give more emphasis to the proper 

 use of wealth ? Is it not too common to consider an education 

 as a mere business proposition; so much book-learning invested 

 with an idea that it will produce, in ten, twenty, or forty vears, 

 so much cash ? 



What, then, do we need in our schools and colleges that we 

 have not got ? 



We need two different things. In the fir?t place the individual 

 man must be trained not only in money-making, but he must 

 be given knowledge of how money should be used in something 

 besides fine houses, fine clothes, and wasteful eating and drink- 

 ing. There must be training in how to get the best things out 

 of life — in literature, art, music, travel. Unless surplus wealth 

 widens our opportunities for development and happiness along 

 these higher lines, of what real use is it to anyone ? There is a 

 danger, in schools devoted wholly to technical or industrial 

 education, which train men for money-making, that the other 

 side of life should be forgotten. 



But however much we need to know how to spend money 

 wisely for ourselves, there is even a greater necessity for proper 



