llowed.

Compare this day with that. Our comforts and opportunities are
multiplied a thousand fold. The resources of our great land are now
actually opening up and are scarcely touched; our home markets are
vast, and we have just begun to think of the foreign peoples we can
serve--the people who are years behind us in civilization. In the East
a quarter of the human race is just awakening. The men of this
generation are entering into a heritage which makes their fathers'
lives look poverty-stricken by comparison. I am naturally an optimist,
and when it comes to a statement of what our people will accomplish in
the future, I am unable to express myself with sufficient enthusiasm.

There are many things we must do to attain the highest benefit from
all these great blessings; and not the least of these is to build up
our reputation throughout the whole world.

The great business interests will, I hope, so comport themselves that
foreign capital will consider it a desirable thing to hold shares in
American companies. It is for Americans to see that foreign investors
are well and honestly treated, so that they will never regret
purchases of our securities.

I may speak thus frankly, because I am an investor in many American
enterprises, but a controller of none (with one exception, and that a
company which has not been much of a dividend payer), and I, like all
the rest, am dependent upon the honest and capable administration of
the industries. I firmly and sincerely believe that they will be so
managed.

THE AMERICAN BUSINESS MAN

You hear a good many people of pessimistic disposition say much about
greed in American life. One would think to hear them talk that we were
a race of misers in this country. To lay too much stress upon the
reports of greed in the newspapers would be folly, since their
function is to report the unusual and even the abnormal. When a man
goes properly about his daily affairs, the public prints say nothing;
it is only when something extraordinary happens to him that he is
discussed. But because he is thus brought into prominence
occasionally, you surely would not say that these occasions
represented his normal life. It is by no means for money alone that
these active-minded men labour--they are engaged in a fascinating
occupation. The zest of the work is maintained by something better
than the mere accumulation of money, and, as I think I have said
elsewhere, the standards of business are h