hing pays
better and surer interest. Returns are liberal, dividends are never
passed, and capital never depreciates.

CHAPTER IX

BY-PRODUCT

In the conduct of life we select, or have assigned, certain measures of
activity upon which we rely for our support and the self-respect that
follows the doing of our part. This we call our business, and if we are
wise we attend to it and prosecute it with due diligence and
application. But it is not all of life, and its claim is not the only
call that is made upon us. Exclusive interest and devotion to it may end
in the sort of success that robs us of the highest value, so that,
however much substance we accumulate, we are failures as men. On the
other hand, we take risks if we slight its just demands and scatter our
powers on miscellaneous interests. Whatever its value, every man, in
addition to what he primarily produces, turns out some by-product. If it
is worth anything, he may be thankful and add the amount to total
income.

The extracts of which this chapter is composed are selections from the
editorial columns of _The Pacific Unitarian_, submitted not as exhibits
in the case of achievement, but as indicating the convictions I have
formed on the way of life.

THE BEGINNING

Thirty years ago, a fairly active Sunday-school was instigated to
publish a monthly journal, nominally for all the organizations of the
First Unitarian Society. It was not expected to be of great benefit,
except to the school. After a year and a half it was adopted by the
Conference, its modest name, _The Guidon_, being expanded to _The
Pacific Unitarian_. Its number of pages was increased to thirty-two.

Probably the most remarkable circumstance connected with it is that it
has lived. The fact that it has enjoyed the opportunity of choice
between life and death is quite surprising. Other journals have had to
die. It has never been easy to live, or absolutely necessary to die.

Anyhow, we have the thirty years of life to look back upon and take
satisfaction in. We are grateful for friends far and near, and generous
commendation has been pleasant to receive, whether it has been justified
or not.

CHRISTIANITY

We realize more and more truly that Christianity in its spirit is a very
different thing from Christianity as a theological structure formulated
by the makers of the creed. The amazing thing is that such a
misconception of the message of Jesus as has generally prevailed has