for nearly one hundred and fifty years. It took the suffering of a war to make the American people a nation. Yet our people give to unobserved private charity, many of them unknown to the recipients of that charity, more than would have covered the budgets of many of the nations of Europe before the war. The private citizenry of this nation does more than its national and state governments through private charity and endowments in adding to common knowledge and the alleviation of human suffering. Nor has this contribution been confined to our own borders. Not a case of great suffering since this country was instituted, not a place where there has been conflagration, pestilence, fire or flood, but what willing American hands have gone there and willing American dollars administered to relieve that suffering. I disclaim any capacity of a preacher. I disclaim any right to instruct men who have the same right to their opinion as have I. Still I must maintain my own thought as to the national discussion about our rehabilitation. It is true, we are going through a period when we are seeking to regenerate ourselves and get back on an even keel. Nobody has said yet what an even keel is. Many have argued that we must get back into the condition in which we were before the war. I hope we never will. We will then have another war. Of course, with a natural American instinct, we seek to help everybody. Let us take a lesson to ourselves, however, before we instruct the nations of the world. Let us reorganize ourselves spiritually and revive a belief in our fundamentals. Every man has a right, according to our theory, to life, liberty and the pursuit of happiness. None of those rights can be maintained in logic or law without admitting a corresponding duty to maintain them for others besides ourselves. The right to acquire infers the right to maintain. And yet every day we seek to vote away other people's money and our own as a sop to popularity. Let us get back to a point where this nation thinks in terms of the aggregate. Let us get back to the point where the motive force for a man's conduct is his heart, not a pencil and paper to portray theoretical results. Let us get out of the idea of reducing everything to a per capita proposition. Let us abandon the idea of standardizing human life and individuality by law. Let us seek to prevent wrong by

law, and broaden the sphere for individuality and personality, the characteristics by which the Almighty distinguishes men from animals. Let us get to a point where, despite our numbers, despite our wealth, despite our political force, a man can think of his neighbor as a human being. Let us get back where he can think of his government as furnishing the opportunity whereby he may acquire, whereby he may live, whereby he may worship, whereby he can aid his fellow man. Let us think again of the institutions of this Government as a Providential dispensation, handed down to this generation of men from Sinai through Nazareth, through the world wherever there has been suffering and a dollar or helping hand the instrument to alleviate it. "Am I my brother's keeper?" Yes. Am I a trustee for all the rest? Yes. Can I enjoy what I have without thinking of others? No. Can I vote away another's so I won't have to divide my own? No. The final tribune must be met. The responsibility of this great nation and of all our people, in the aggregate and individually, is intensified by our enormous potential possibilities. It is no rhetorical effusion to say that the fate of the world may not depend on what we do to assist the world overtly, but whether we reëstablish the tenets and principles of the Fathers so that they may become so fixed in our form of government that we may present it as an example to the thinking world. [Prolonged applause.] This is the problem of this nation. This is the problem of this generation. How to get in touch again with the emotions, with the sentiments, with the spiritual life that guides us in an acknowledgment of a Creator whom we admit started us all and yet whose tenets we do not always practice. Rather than any statute, State or Federal, that can be passed at a State capital or in Washington, I would prefer a revival of the spirit of free institutions, of responsibility of man to man, obedience to the tenets of the Fathers who, failing to pass the Constitution after many ineffectual efforts, finally knelt in prayer for Divine guidance, received it, and then adopted that great instrument. Pray that we may not acknowledge that responsibility academically. Let us acknowledge it humanly. According to the great philosophers in past ages, planets moved through the great space with each its own note, and those notes made the har

mony of the spheres, understood only by chastened souls. Let us, before we revive our balance sheet, settle our accounts through a spiritual contact which means good citizenship, which means wise citizenship, which means the acknowledgment of the same Father of us all, and then we can summon the spirits of the invisible army which has preceded us and ask them to lead us through the trial and stress of future experiences, and then finally when this nation takes her place in the last accounting, we can say, "Thank God, we played the game." [Prolonged applause.]

A. BARTON HEPBURN

BUSINESS EDUCATION

Speech delivered at the dinner to President Hibben of Princeton at the Lotos Club, March 16, 1912.

I HAD a momentary heart failure as I glanced at some of the other bankers here when President Hibben announced that this Club was the clearing house for ideas, and wondered whether their coming in destroyed your credit. Away back in '65 Chester Lord and myself were fellow students up in a country seminary struggling with the incipient stages of Latin and Greek. After many years and encountering many vicissitudes when I came to New York I found Chester's calling and election assured, enthroned as he was as treasurer of the Lotos Club. Through our boyhood friendship I managed to get through the portals of the Club and attended some of their dinners to great men. The dinners were something to be enjoyed and remembered, and the speeches were all brilliant, the speakers generally roasting each other with keen debate without getting into trouble.

I used to pass by the Club and glance up to the building with all reverence and the strongest hope that I might some day be a member of the Club which assumed the social responsibility of the whole town by extending hospitality to the distinguished men of this land and in fact of all lands. And surely New Yorkers owe a debt of gratitude to the Lotos Club for the hospitalities that they do extend to distinguished men. I still pass by the Club with awe and reverence, but on the other side of the street, having learned by dear experience that the inexorable accounting which nature demands is in no one thing more in evidence than in a systematic diet.

Now, gentlemen, I like a man who knows when he has got a good thing and sticks to it. I like a Club that knows when it has got a good thing and sticks to him. Our friend the president has demonstrated anew that the outside of a horse is the best thing for the inside of a man, and that a ride in the crisp morning air will support one throughout the day and the evening thereof, and that the pace that kills seizes only upon those who surrender discretion and judgment in the mad scramble in which we live.

I am proud to join to-night in paying honor to the President of Princeton University and the great University of which he is President. We in New York feel very near to Princeton, not only topographically but in the better sense of the word. There are so many of her alumni here. President Hibben's ability as a thinker has preceded him, and his scholarly and literary attainments are all amply proven in his past experience, and if his digestion will hold out and meet the demands that are being and will hereafter be made upon it, he undoubtedly will achieve that great measure of success for which we all pray.

Everything in this country, whether it be commercial or literary, begins with a lunch and ends with a dinner. Those who approve of athletics or physical culture in connection with higher education fully remember that a sound mind is valuable only when domiciled in a strong and robust body. I never fully appreciated the meaning of that expression "carving his own fortune," until recently. Eating his way to success, I think would perhaps be the better way to put it.

The most gratifying fact in the evolutionary period in which we live is the fact that public sentiment is more and more inclined to go to our leading educators for direction. Expert knowledge is coming to be more and more recognized and followed. In 1896, when the Republican party dared finally to put the word "gold" in their national platform, and all the silver Republicans withdrew from the convention, Republican editors and writers were dazed. The campaigners were amazed at the position of the party on the standard values, and were unable to answer the arguments put forth by the Democrats or reply to the demand for reasons for turning away from silver at the old ratio, and the managers of the Republican party said, "We