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Women will never be free until they are economically free. The fifteen million dollars which Mr. Carnegie has given for a pension-fund for superannuated college professors is quite another thing from pensioning a man so he will be free to work out his ideal. The only people who have ideals are those in the fight.
But even this beneficent pension-fund for teachers turned out to grass requires the most delicate and skilful handling. Several instances have already arisen where colleges have retired men well able to work, in order that these men might secure the pensions and the college could put in younger men at half-price. There has even been a suspicion that the pensioner "divvied" with the college.
The aggregate obligations bearing interest in coin had risen to $2,107,938,000; while the three per cent certificates and the Navy pension-fund, which alone carried interest in currency, amounted to $61,195,000. The debt bearing no interest, composed of old demand-notes, legal-tenders, fractional currency, and certificates for gold deposited, had fallen to $431,861,763.
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