t can be done. He will know that his
utmost province is only a part of the educational process, that equally
important educational influences are the home and the world of thought
about the pupil and himself. The whole world will be thinking and
learning; the old idea of "completing" one's education will have
vanished with the fancy of a static universe; every school will be a
preparatory school, every college. The school and college will probably
give only the keys and apparatus of thought, a necessary language or so,
thoroughly done, a sound mathematical training, drawing, a wide and
reasoned view of philosophy, some good exercises in dialectics, a
training in the use of those stores of fact that science has made. So
equipped, the young man and young woman will go on to the technical
school of their chosen profession, and to the criticism of contemporary
practice for their special efficiency, and to the literature of
contemporary thought for their general development....

And while the emergent New Republic is deciding to provide for the
swarming inferiority of the Abyss, and developing the morality and
educational system of the future, in this fashion, it will be attacking
that mass of irresponsible property that is so unavoidable and so
threatening under present conditions. The attack will, of course, be
made along lines that the developing science of economics will trace in
the days immediately before us. A scheme of death duties and of heavy
graduated taxes upon irresponsible incomes, with, perhaps, in addition,
a system of terminable liability for borrowers, will probably suffice to
control the growth of this creditor elephantiasis. The detailed
contrivances are for the specialist to make. If there is such a thing as
bitterness in the public acts of the New Republicans, it will probably
be found in the measures that will be directed against those who are
parasitic, or who attempt to be parasitic, upon the social body, either
by means of gambling, by manipulating the medium of exchange, or by such
interventions upon legitimate transactions as, for example, the legal
trade union in Great Britain contrives in the case of house property and
land. Simply because he fails more often than he succeeds, there is
still a disposition among sentimental people to regard the gambler or
the speculator as rather a dashing, adventurous sort of person, and to
contrast his picturesque gallantry with the sober certainties of honest