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 on 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 made their religion pay. 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

its higher sense. 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.

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