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"The Silver Debate of 1890," in Journal of Political Economy, I, 535, contains a detailed account of the discussion in Congress. W.J. Bryan, First Battle , should be consulted. According to the principle known as Gresham's law, bad money tends to drive out good; or overvalued money to drive out undervalued money. If the face value of a coin is more than its worth as bullion, it is "overvalued."
Our young gentleman, upon inquiry, found that this animosity had sprung from a dispute that happened upon the ramparts, touching the strength of the fortification, which the doctor, according to custom, undervalued, because it was a modern work; saying, that by the help of the military engines used among the ancients, and a few thousands of pioneers, he would engage to take it in less than ten days after he should sit down before it.
Good housekeeping is quite as essential to the world's good, and to the healthful development of humanity, as good farming or the proper construing of well-made laws, neither of which is to be undervalued. Where, then, is the inferiority?
Perhaps in that kiss there was the repentant consciousness how far the active goodness she had often secretly undervalued had exceeded, in its fruits, her own cold unproductive powers of will and mind. Then passing on to Harley, her brow grew elate, and the pride returned to her eye.
"Antoinette de Saint-Gre," I answered; "our letter is to her father." He made me a rueful bow. "I fear that I have undervalued you, Mr. Ritchie," he said. "You have no peer. I am unworthy to accompany you, and furthermore, it would be useless." "And why useless!" I inquired, laughing. "You have doubtless seen the lady, and she is yours, said he.
Not that she fancied her dear mother a genius; on the contrary, because she was her mother, she probably undervalued her work; but she knew that hundreds of stories printed and paid for lacked the common-sense and humor of Mrs. Liddell's.
While the rich giver is saying, "Poor fellow, he will be just as bad next month again!" the poor fellow is breathing the airs of paradise, reaping more joy of life in half a day than his benefactor in half a year, for help is a quick seed and of rapid growth, and bourgeons in a moment into the infinite aeons. Everything in this world is but temporary: why should temporary help be undervalued?
He felt how the wind rushing from the north-east urged him forward, and told himself that it would also hasten the march of Pharaoh's soldiers. Perhaps the leaders of his people did not yet know how vast was the military power that threatened them, and undervalued the danger in which their position placed them. But he saw it, and could give them every information.
The United States was not ready for war. Our regular army was a 16 to 120 Spanish troops in Cuba, our field guns 1 to 6 of Blanco's batteries, our siege train nowhere, and fortified cities to assail; and the ability and industry of the Spaniards as well as their skill and strength in surveying and fortifying military lines, and their food resources were dangerously undervalued.
But most of the group that bade them good-by thought it a foolish enterprise and spoke lightly of Samson when they were gone. America has undervalued the brave souls who went west in wagons, without whose sublime courage and endurance the plains would still be an unplowed wilderness. Often we hear them set down as seedy, shiftless dreamers who could not make a living at home.
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