Scholarship cannot do without literature.... It needs literature to float it, to set it current, to authenticate it to all the race, to get it out of closets and into the brains of men who stir abroad.
There has been something crude and heartless and unfeeling in our haste to suceed and be great. Our thought has been 'Let every man look out for himself, let every generation look out for itself,' while we reared giant machinery which made it impossible that any but those who stood at the levers of control should have a chance to look out for themselves.
From the dim morning hours of history when the father was king and priest down to this modern time of history's high noon when nations stand forth full grown and self-governed, the law of coherence and continuity in political development has suffered no serious breach.
I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world - no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.
I have had the accomplishment of something like this at heart ever since I was a boy.... So I feel tonight like the man who is lodging happily in the inn which lies half way along the journey and that in time, with a fresh impulse, we shall go the rest of the journey and sleep at the journey's end like men with a quiet conscience.
I am not one of those who believe that a great standing army is the means of maintaining peace, because if you build up a great profession those who form parts of it want to exercise their profession.
There is a very holy and a very terrible isolation for the conscience of every man who seeks to read the destiny in affairs for others as well as for himself, for a nation as well as for individuals. That privacy no man can intrude upon. That lonely search of the spirit for the right perhaps no man can assist.
To us in America, the reflections of Armistice Day will be filled with solemn pride in the heroism of those who died in the country's service and with gratitude for the victory, both because of the thing from which it has freed us and because of the opportunity it has given America to show her sympathy with peace and justice in the councils of the nations.