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Page 1 of 11916 · PDF PAGE 13
…r. People like to have a man drone on pleasantly for an hour or so with mild excitement. They do not care to be swept away of crushed by real eloquence. Yet this is the kind of speech which has always moved men from the beginning of the world, and always will. It cannot be prolonged. Twenty minutes of it, and the nerve-force of every hearer would be exhausted. He would be mad to get up and do something; and that something would be what Mr. Stuart told him. But the old ideal of oratory has passed. Mark Anthonys speech would be rather bad form. …
1916 · PDF PAGE 1
…ic or private, is to become concentrated upon tactical problems, and in so doing this they lose sight of the principles of strategy. The real ruler or adviser of a nation should be a man entirely free from the expediencies of the passing day. The mischief wrought by failure to understand these facts is particularly obvious in finance. Politics, in some countries at least, is still looked after by men of broad general education; but finance is entirely in the hands of experts. Its terminology has been deliberately complicated; partly, no doubt, …
1916 · PDF PAGE 15
… of various consular and diplomatic offices from time to time. He was land commissioner of the Panama Railroad; and has also been in the real estate and mining businesses, and factor of an important shipping company. He brought the Salvadore Railway Company out of bankruptcy, and reorganized the Port of Champerico. He has also been general counselor for Spanish-American affairs in New York City. But it is not only the able administration of such matters that proves the capacity of a man. Many a muddler has gone through public life on the should…
1916 · PDF PAGE 2
opposite. Money appears to them the only thing of value, whereas in reality it has no value whatever. It is merely a convenient medium of exchange of commodities which have value. If it were not for this, the present system could never have been created. As things are, a piece of paper is just as good as a piece of gold; but, as everyone knows, even the financiers, ninety five per cent of the gold never existed. The possibility of calling for gold has so frightened those very people who have been screaming for years that gold was the only basis…