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Page 1 of 11916 · PDF PAGE 2
… that gold was the only basis, that already there has been a threat to demonetize gold. This is no vain threat. It is quite possible and will almost certainly be necessary; though probably the process will be carried out by some trick which will conceal the fact from the people. But you cannot demonetize wheat, or coal, or copper, and any one who possesses these things can call for anything he likes in payment for them, and be sure of getting it. But the financiers of the day avoid all consideration of the enormous calamity threatened by the pr…
1916 · PDF PAGE 3
…ever lost sight of fundamentals. The expert becomes useless at such times for the very reason that he is an expert. Temporary expedients will not serve. As a matter of fact, this is always more or less subconsciously recognized by the good sense of the people. The hopes which were excited by the election of Mr. Wilson to the presidency were based entirely on the fact that he was not a professional politician. In the same way, in England, to take a recent example, Edward VII was trusted and respected by the people principally because he had won …
1916 · PDF PAGE 7
… example, the annexation of conquered countries. Economic or military reasons have often been allowed to over-ride considerations of the will of the inhabitants. Such acts have almost invariable cause trouble later on, and such trouble frequently extends far beyond the territory in dispute. The injury to the fingertip poisons the whole body. The Germans in 1870, when asked whom they were fighting, replied: Louis XIV. And it was because that monarch tried to extend his dominions that they, at this present moment of writing, are invaded. The ne…
1916 · PDF PAGE 16
…described by the Chinese under the title The Way of the Tao. Consciousness is a symptom of disease. All that moves well moves without will. All skillfulness, all strain, all intention is contrary to ease. Unless this method is actually seen in operation, it is almost incomprehensible. Yet it is the only key to true and perfect success. The Chinese express it in another way. They say: Do everything by doing nothing. The only way in which we can bring this idea at all near to western minds is by speaking of perfect balance, in the sense in …
1916 · PDF PAGE 13
…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. People do not want to be moved to do more than pass a nicely worded resolution. But if a real crisis should arise in t…