We hear of the wealth of nations, of the powers of production, of the demand and supply of markets, and we forget that these words mean no more, if they mean any thing, then the happiness, and the labor, and the necessities of men.
It is true, there was no public-school system, and the reason for it was very plain. The wealth of the upper classes enabled them to have private tutors.
He is a great simpleton who imagines that the chief power of wealth is to supply wants. In ninety-nine cases out of a hundred it creates more wants than it supplies.
Furthermore, there is no good ethical or economic reason for asking workmen and current producers to forego all economic gain in order to increase the purchasing power of all the wealth accumulated in past years.
Your future is still before you. Your land is a vast storehouse of mineral and agricultural wealth awaiting further development for the benefit of mankind. It potentialities are magnificent.
History shows that our way of life is the stronger way. From it has come more wealth, more industry, more happiness, more human enlightenment than from any other way.
