funk. They
always find something important to think about. They always point out
something worth doing. They cannot passively wait to see the future
come. They are too busy making it.

Matthew Arnold struck a truer note in Rugby Chapel. The true leaders of
mankind can never be mere intellectualists. There must be a union of
intellectual and moral energy like that which he recognized in his
father. To the fainting, dispirited race,--

"Ye like angels appear,
Radiant with ardour divine,
Beacons of hope, ye appear!
Languor is not in your heart,
Weakness is not in your word,
Weariness not on your brow;
Ye alight in our van: at your voice
Panic, despair, flee away."

When those whom we have looked upon as our intellectual leaders grow
disheartened, we must remember that a lost leader does not necessarily
mean a lost cause. When those whom we had called the kings of modern
thought are dumb, we can find new leadership. "Change kings with us,"
replied an Irish officer after the panic of the Boyne; "change kings
with us, and we will fight you again."

ON REALISM AS AN INVESTMENT

_From a Real-Estate Dealer to a Realistic Novelist_

Dear Sir:--

I have been for some time interested in your projects for the
improvement of literature. When I saw your name in the newspapers, I
looked you up in "Who's Who," and found that your rating is excellent
What pleased me was the bold way you attacked the old firms which have
been living on their reputations. The way you showed up Dickens,
Thackeray & Co. showed that you know a thing or two. As for W. Scott and
the other speculators who have been preying on the credulity of the
public, you gave them something to think about. You showed conclusively
that instead of dealing in hard facts, they have been handing out
fiction under the guise of novels.

Our minds run in the same channel: you deal in reality and I deal in
realty, but the principle is the same. I inclose some of the literature
which I am sending out. You see, I warn people against investing in
stocks and bonds. These are mere paper securities, which take to
themselves wings and fly away. But if you can get hold of a few acres of
dirt, there you are. When a panic comes along, and Wall Street goes to
smash, you can sit on your front porch in South Canaan without a care.
You have your little all in something real.

You followed the same line of argumentation. You showed that there was
nothing imag