But when gold is a mere medium of exchange,--its chief use,--then

it has only a conventional value; I mean, it does not make a nation

rich or poor, since the rarer it is the more it will purchase of

the necessaries of life. A pound's weight of gold, in ancient

Greece, or in Mediaeval Europe, would purchase as much wheat as

twenty pounds' weight will purchase to-day. If the mines of Mexico

or Peru or California had never been worked, the gold in the

civilized world three hundred years ago would have been as valuable

for banking purposes, or as an exchange for agricultural products,

as twenty times its present quantity, since it would have bought as

much as twenty times the quantity will buy to-day. Make diamonds

as plenty as crystals, they would be worth no more than crystals,

if they were not harder and more beautiful. Make gold as plenty as

silver, it would be worth no more than silver, except for

manufacturing purposes; it would be worth no more to bankers and

merchants. The vast increase in the production of the precious

metals simply increased the value of the commodities for which they

were exchanged. A laborer can purchase no more bread with a dollar

to-day than he could with five cents three hundred years ago. Five

cents were really as much wealth three hundred years ago as a

dollar is to-day. Wherein, then, has the increase in the precious

metals added to the wealth of the world, if a twentieth part of the

gold and silver now in circulation would buy as much land, or

furniture, or wheat, or oil three hundred years ago as the whole

amount now used as money will buy to-day? Had no gold or silver

mines been discovered in America, the gold and silver would have

appreciated in value in proportion to the wear of them. In other

words, the scarcer the gold and silver the more the same will

purchase of the fruits of human industry. So industry is the

wealth, not the gold. It is the cultivated farms and the

manufactures and the buildings and the internal improvements of a

country which constitute its real wealth, since these represent its

industry,--the labor of men. Mines, indeed, employ the labor of

men, but they do not furnish food for the body, or raiment to wear,

or houses to live in, or fuel for cooking, or any purpose whatever

of human comfort or necessity,--only a material for ornament; which

I grant is wealth, so far as ornament is for the welfare of man.

The marbles of ancient Greece were very valuable for the labor

expended on them, either for architecture or for ornament.

Gold and silver were early selected as useful and convenient

articles for exchange, like bank-notes, and so far have inherent

value as they supply that necessity; but if a fourth part of the

gold and silver in existence would supply that necessity, the

remaining three-fourths are as inherently valueless as the paper of

which bank-notes are printed. Their value consists in what they

represent of the labors and industries of men.

Now Spain ultimately became poor, in spite of the influx of gold

and silver from the American mines, because industries of all kinds

declined. People were diverted from useful callings by the mighty

delusion which gold discoveries created. These discoveries had the

same effect on industry, which is the wealth of nations, as the

support of standing armies has in our day. They diverted men from

legitimate callings. The miners had to be supported like soldiers;

and, worse, the sudden influx of gold and silver intoxicated men

and stimulated speculation. An army of speculators do not enrich a

nation, since they rob each other. They cause money to change

hands; they do not stimulate industry. They do not create wealth;

they simply make it flow from one person to another.

But speculations sometimes create activity in enterprise; they

inflame desires for wealth, and cause people to make greater

exertions. In that sense the discovery of American mines gave a

stimulus to commerce and travel and energy. People rushed to

America for gold: these people had to be fed and clothed. Then

farmers and manufacturers followed the gold-hunters; they tilled

the soil to feed the miners. The new farms which dotted the region

of the gold-diggers added to the wealth of the country in which the

mines were located. Colonization followed gold-digging. But it

was America that became enriched, not the old countries from which

the miners came, except so far as the old countries furnished tools

and ships and fabrics, for doubtless commerce and manufacturing

were stimulated. So far, the wealth of the world increased; but

the men who returned to riot in luxury and idleness did not

stimulate enterprise. They made others idle also. The necessity

of labor was lost sight of.

And yet if one country became idle, another country may have become

industrious. There can be but little question that the discovery

of the American mines gave commerce and manufactures and

agriculture, on the whole, a stimulus. This was particularly seen

in England. England grew rich from industry and enterprise, as

Spain became poor from idleness and luxury. The silver and gold,

diffused throughout Europe, ultimately found their way into the

pockets of Englishmen, who made a market for their manufactures.

It was not alone the precious metals which enriched England, but

the will and power to produce those articles of industry for which

the rest of the world parted with their gold and silver. What has

made France rich since the Revolution? Those innumerable articles

of taste and elegance--fabrics and wines--for which all Europe

parted with their specie; not war, not conquest, not mines. Why

till recently was Germany so poor? Because it had so little to

sell to other nations; because industry was cramped by standing

armies and despotic governments.

One thing is certain, that the discovery of America opened a new

field for industry and enterprise to all the discontented and

impoverished and oppressed Europeans who emigrated. At first they

emigrated to dig silver and gold. The opening of mines required

labor, and miners were obliged to part with their gold for the

necessaries of life. Thus California in our day has become peopled

with farmers and merchants and manufacturers, as well as miners.

Many came to America expecting to find gold, and were disappointed,

and were obliged to turn agriculturists, as in Virginia. Many came

to New England from political and religious motives. But all came

to better their fortunes. Gradually the United States and Canada

became populated from east to west and from north to south. The

surplus population of Europe poured itself into the wilds of

America. Generally the emigrants were farmers. With the growth of

agricultural industry were developed commerce and manufactures.

Thus, materially, the world was immensely benefited. A new

continent was opened for industry. No matter what the form of

government may be,--I might almost say no matter what the morals

and religion of the people may be,--so long as there is land to

occupy, and to be sold cheap, the continent will fill up, and will

be as densely populated as Europe or Asia, because the natural

advantages are good. The rivers and the lakes will be navigated;

the products of the country will be exchanged for European and

Asiatic products; wealth will certainly increase, and increase

indefinitely. There is no calculating the future resources and

wealth of the New World, especially in the United States. There

are no conceivable bounds to their future commerce, manufactures,

and agricultural products. We can predict with certainty the rise

of new cities, villas, palaces, material splendor, limited only to

the increasing resources and population of the country. Who can

tell the number of miles of new railroads yet to be made; the new

inventions to abridge human labor; what great empires are destined

to rise; what unknown forms of luxury will be found out; what new

and magnificent trophies of art and science will gradually be seen;

what mechanism, what material glories, are sure to come? This is

not speculation. Nothing can retard the growth of America in

material wealth and glory. The splendid external will call forth

more panegyrics than the old Roman world which fancied itself

eternal. The tower of the new Babel will rise to the clouds, and

be seen in all its glory throughout the earth and sea. No Fourth

of July orator ever exaggerated the future destinies of America in

a material point of view. No "spread-eagle" politician even

conceived what will be sure to come.

And what then? Grant the most indefinite expansion,--the growth of

empires whose splendor and wealth and power shall utterly eclipse

the glories of the Old World. All this is probable. But when we

have dwelt on the future material expansion; when we have given

wings to imagination, and feel that even imagination cannot reach

the probable realities in a material aspect,--then our predictions

and calculations stop. Beyond material glories we cannot count

with certainty. The world has witnessed many powerful empires

which have passed away, and left "not a rack behind." What remains

of the antediluvian world?--not even a spike of Noah's ark, larger

and stronger than any modern ship. What remains of Nineveh, of

Babylon, of Thebes, of Tyre, of Carthage,--those great centres of

wealth and power? What remains of Roman greatness even, except in

laws and literature and renovated statues? Remember there is an

undeviating uniformity in the past history of nations. What is the

simple story of all the ages?--industry, wealth, corruption, decay,

and ruin. What conservative power has been strong enough to arrest

the ruin of the nations of antiquity? Have not material forces and

glories been developed and exhibited, whatever the religion and

morals of the fallen nations? Cannot a country grow materially to

a certain point, under the most adverse influences, in a religious

and moral point of view? Yet for lack of religion and morals the

nations perished, and their Babel-towers were buried in the dust.

They perished for lack of true conservative forces; at least that

is the judgment of historians. Nobody doubts the splendor of the

material glories of the ancient nations. The ruins of Baalbec, of

Palmyra, of Athens, prove this, to say nothing of history. The

material glories of the ancient nations may be surpassed by our

modern wonders; but yet all the material glories of the ancient

nations passed away.

Now if this is to be the destiny of America,--an unbounded material

growth, followed by corruption and ruin,--then Columbus has simply

extended the realm for men to try material experiments. Make New

York a second Carthage, and Boston a second Athens, and

Philadelphia a second Antioch, and Washington a second Rome, and we

simply repeat the old experiments. Did not the Romans have nearly

all we have, materially, except our modern scientific inventions?

But has America no higher destiny than to repeat the old

experiments, and improve upon them, and become rich and powerful?

Has she no higher and nobler mission? Can she lay hold of forces

that the Old World never had, such as will prevent the uniform doom

of nations? I maintain that there is no reason that can be urged,

based on history and experience, why she should escape the fate of

the nations of antiquity, unless new forces arise on this continent

different from what the world has known, and which have a

conservative influence. If America has a great mission to declare

and to fulfil, she must put forth altogether new forces, and these

not material. And these alone will save her and save the world.

It is mournful to contemplate even the future magnificent material

glories of America if these are not to be preserved, if these are

to share the fate of ancient wonders. It is obvious that the real

glory of America is to be something entirely different from that of

which the ancients boasted. And this is to be moral and

spiritual,--that which the ancients lacked.

This leads me to speak of the moral consequences of the discovery

of America,--infinitely grander than any material wonders, of which

the world has been full, of which every form of paganism has

boasted, which nearly everywhere has perished, and which must

necessarily perish everywhere, without new forces to preserve them.

In a moral point of view scarcely anything good immediately

resulted, at least to Europe, by the discovery of America. It

excited the wildest spirit of adventure, the most unscrupulous

cupidity, the most demoralizing speculation. It created jealousies

and wars. The cruelties and injustices inflicted on the Indians

were revolting. Nothing in the annals of the world exceeds the

wickedness of the Spaniards in the conquest of Peru and Mexico.

That conquest is the most dismal and least glorious in human

history. We see in it no poetry, or heroism, or necessity; we read

of nothing but its crimes. The Jesuits, in their missionary zeal,

partly redeemed the cruelties; but they soon imposed a despotic

yoke, and confirmed their sway. Monopolies scandalously increased,

and the New World was regarded only as spoil. The tone of moral

feeling was lowered everywhere, for the nations were crazed with

the hope of sudden accumulations. Spain became enervated and

demoralized.

On America itself the demoralization was even more marked. There

never was such a state of moral degradation in any Christian

country as in South America. Three centuries have passed, and the

low state of morals continues. Contrast Mexico and Peru with the

United States, morally and intellectually. What seeds of vice did

not the Spaniards plant! How the old natives melted away!

And then, to add to the moral evils attending colonization, was the

introduction of African slaves, especially in the West Indies and

the Southern States of North America. Christendom seems to have

lost the sense of morality. Slavery more than counterbalances all

other advantages together. It was the stain of the seventeenth and

eighteenth centuries. Not merely slaves, but the slave-trade,

increase the horrors of the frightful picture. America became

associated, in the minds of Europeans, with gold-hunting, slavery,

and cruelty to Indians. Better that the country had remained

undiscovered than that such vices and miseries should be introduced

into the most fertile parts of the New World.

I cannot see that civilization gained anything, morally, by the

discovery of America, until the new settlers were animated by other

motives than a desire for sudden wealth. When the country became

colonized by men who sought liberty to worship God,--men of lofty

purposes, willing to undergo sufferings and danger in order to

plant the seeds of a higher civilization,--then there arose new

forms of social and political life. Such men were those who

colonized New England. And, say what you will, in spite of all the

disagreeable sides of the Puritan character, it was the Puritans

who gave a new impulse to civilization in the New World. They

founded schools and colleges and churches. They introduced a new

form of political life by their town-meetings, in which liberty was

nurtured, and all local improvements were regulated. It was the

autonomy of towns on which the political structure of new England

rested. In them was born that true representative government which

has gradually spread towards the West. The colonies were embryo

States,--States afterwards to be bound together by a stronger tie

than that of a league. The New England States, after the war of

independence, were the defenders and advocates of a federal and

central power. An entirely new political organization was

gradually formed, resting equally on such pillars as independent

townships and independent States, and these represented by

delegates in a national centre.

So we believe America was discovered, not so much to furnish a

field for indefinite material expansion, with European arts and

fashions,--which would simply assimilate America to the Old World,

with all its dangers and vices and follies,--but to introduce new

forms of government, new social institutions, new customs and

manners, new experiments in liberty, new religious organizations,

new modes to ameliorate the necessary evils of life. It was

discovered that men might labor and enjoy the fruits of industry in

a new mode, unfettered by the restraints which the institutions of

Europe imposed. America is a new field in which to try experiments

in government and social life, which cannot be tried in the older

nations without sweeping and dangerous revolutions; and new

institutions have arisen which are our pride and boast, and which

are the wonder and admiration of Europe. America is the only

country under the sun in which there is self-government,--a

government which purely represents the wishes of the people, where

universal suffrage is not a mockery. And if America has a destiny

to fulfil for other nations, she must give them something more

valuable than reaping machines, palace cars, and horse railroads.

She must give, not only machinery to abridge labor, but

institutions and ideas to expand the mind and elevate the soul,--

something by which the poor can rise and assert their rights.

Unless something is developed here which cannot be developed in

other countries, in the way of new spiritual and intellectual

forces, which have a conservative influence, then I cannot see how

America can long continue to be the home and refuge of the poor and

miserable of other lands. A new and better spirit must vivify

schools and colleges and philanthropic enterprises than that which

has prevailed in older nations. Unless something new is born here

which has a peculiar power to save, wherein will America ultimately

differ from other parts of Christendom? We must have schools in

which the heart as well as the brain is educated, and newspapers

which aspire to something higher than to fan prejudices and appeal

to perverted tastes. Our hope is not in books which teach

infidelity under the name of science, nor in pulpits which cannot

be sustained without sensational oratory, nor in journals which

trade on the religious sentiments of the people, nor in Sabbath-

school books which are an insult to the human understanding, nor in

colleges which fit youth merely for making money, nor in schools of

technology to give an impulse to material interests, nor in

legislatures controlled by monopolists, nor in judges elected by

demagogues, nor in philanthropic societies to ventilate unpractical

theories. These will neither renovate nor conserve what is most

precious in life. Unless a nation grows morally as well as

materially, there is something wrong at the core of society. As I

have said, no material expansion will avail, if society becomes

rotten at the core. America is a glorious boon to civilization,

but only as she fulfils a new mission in history,--not to become

more potent in material forces, but in those spiritual agencies

which prevent corruption and decay. An infidel professor, calling

himself a savant, may tell you that there is nothing certain or

great but in the direction of science to utilities, even as he may

glory in a philosophy which ignores a creator and takes cognizance

only of a creation.

As I survey the growing and enormous moral evils which degrade

society, here as everywhere, in spite of Bunker Hills and Plymouth

Rocks, and all the windy declamations of politicians and

philanthropists, and all the advance in useful mechanisms, I am

sometimes tempted to propound inquiries which suggest the old,

mournful story of the decline and ruin of States and Empires. I

ask myself, Why should America be an exception to the uniform fate

of nations, as history has demonstrated? Why should not good

institutions be perverted here, as in all other countries and ages

of the world? Where has civilization shown any striking triumphs,

except in inventions to abridge the labors of mankind and make men

comfortable and rich? Is there nothing before us, then, but the

triumphs of material life, to end as mournfully as the materialism

of antiquity? If so, then Christianity is a most dismal failure,

is a defeated power, like all other forms of religion which failed

to save. But is it a failure? Are we really swinging back to

Paganism? Is the time to be hailed when all religions will be

considered by the philosopher as equally false and equally useful?

Is there nothing more cheerful for us to contemplate than what the

old Pagan philosophy holds out,--man destined to live like brutes

or butterflies, and pass away into the infinity of time and space,

like inert matter, decomposed, absorbed, and entering into new and

everlasting combinations? Is America to become like Europe and

Asia in all essential elements of life? Has she no other mission

than to add to perishable glories? Is she to teach the world

nothing new in education and philanthropy and government? Are all

her struggles in behalf of liberty in vain?

We all know that Christianity is the only hope of the world. The

question is, whether America is or is not more favorable for its

healthy developments and applications than the other countries of

Christendom are. We believe that it is. If it is not, then

America is only a new field for the spread and triumph of material

forces. If it is, we may look forward to such improvements in

education, in political institutions, in social life, in religious

organizations, in philanthropical enterprise, that the country will

be sought by the poor and enslaved classes of Europe more for its

moral and intellectual advantages than for its mines or farms; the

objects of the Puritan settlers will be gained, and the grandeur of

the discovery of a New World will be established.

"What sought they thus afar?

Bright jewels of the mine?

The wealth of seas,--the spoils of war?

They sought for Faith's pure shrine.

Ay, call it holy ground,

The soil where first they trod;

They've left unstained what there they found,--

Freedom to worship God."

AUTHORITIES.

Prescott's Ferdinand and Isabella; Washington Irving; Cabot's

Voyages, and other early navigators; Columbus, by De Costa; Life of

Columbus, by Bossi and Spatono; Relations de Quatre voyage par

Christopher Colomb; Drake's World Encompassed; Murray's Historical

Account of Discoveries; Hernando, Historia del Amirante; History of

Commerce; Lives of Pizarro and Cortes; Frobisher's Voyages;

Histories of Herrera, Las Casas, Gomera, and Peter Martyr;

Navarrete's Collections; Memoir of Cabot, by Richard Biddle;

Hakluyt's Voyages; Dr. Lardner's Cyclopaedia,--History of Maritime

and Inland Discovery; Anderson's History of Commerce; Oviedo's

General History of the West Indies; History of the New World, by

Geronimo Benzoni; Goodrich's Life of Christopher Columbus.

SAVONAROLA.

A. D. 1452-1498.

UNSUCCESSFUL REFORMS.

This lecture is intended to set forth a memorable movement in the

Roman Catholic Church,--a reformation of morals, preceding the

greater movement of Luther to produce a reformation of both morals

and doctrines. As the representative of this movement I take

Savonarola, concerning whom much has of late been written; more, I

think, because he was a Florentine in a remarkable age,--the age of

artists and of reviving literature,--than because he was a martyr,

battling with evils which no one man was capable of removing. His

life was more a protest than a victory. He was an unsuccessful

reformer, and yet he prepared the way for that religious revival

which afterward took place in the Catholic Church itself. His

spirit was not revolutionary, like that of the Saxon monk, and yet

it was progressive. His soul was in active sympathy with every

emancipating idea of his age. He was the incarnation of a fervid,

living, active piety amid forms and formulas, a fearless exposer of

all shams, an uncompromising enemy to the blended atheism and

idolatry of his ungodly age. He was the contemporary of political,

worldly, warlike, unscrupulous popes, disgraced by nepotism and

personal vices,--men who aimed to extend not a spiritual but

temporal dominion, and who scandalized the highest position in the

Christian world, as attested by all reliable historians, whether

Catholic or Protestant. However infallible the Catholic Church

claims to be, it has never been denied that some of her highest

dignitaries have been subject to grave reproaches, both in their

character and their influence. Such men were Sixtus IV., Julius

II., and Alexander VI.,--able, probably, for it is very seldom that

the popes have not been distinguished for something, but men,

nevertheless, who were a disgrace to the superb position they had

succeeded in reaching.

The great feature of that age was the revival of classical learning

and artistic triumphs in sculpture, painting, and architecture,

blended with infidel levity and social corruptions, so that it is

both interesting and hideous. It is interesting for its triumphs

of genius, its dispersion of the shadows of the Middle Ages, the

commencement of great enterprises and of a marked refinement of

manners and tastes; it is hideous for its venalities, its murders,

its debaucheries, its unblushing wickedness, and its disgraceful

levities, when God and duty and self-restraint were alike ignored.

Cruel tyrants reigned in cities, and rapacious priests fattened on

the credulity of the people. Think of monks itinerating to sell

perverted "indulgences"; of monasteries and convents filled, not

with sublime enthusiasts as in earlier times, but with gluttons and

sensualists, living in concubinage and greedy of the very things

which primitive monasticism denounced and abhorred! Think of boys

elevated to episcopal thrones, and the sons of popes made cardinals

and princes! Think of churches desecrated by spectacles which were

demoralizing, and a worship of saints and images which had become

idolatrous,--a degrading superstition among the people, an infidel

apathy among the higher classes: not infidel speculations, for

these were reserved for more enlightened times, but an indifference

to what is ennobling, to all vital religion, worthy of the Sophists

in the time of Socrates!

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