We cordially believe in the rights of property. We think that normally and in the long run the rights of humanity, coincide with the rights of property... But we feel that if in exceptional cases there is any conflict between the rights of property and the rights of man, then we must stand for the rights of man.

"necessity of character as the chief factor in any man's success — a teaching in which I now believe as sincerely as ever, for all the laws that the wit of man can devise will never make a man a worthy citizen unless he has within himself the right stuff, unless he has self-reliance, energy, courage, the power of insisting on his own rights and the sympathy that makes him regardful of the rights of others. All this individual morality I was taught by the books I read at home and the books I studied at Harvard. But there was almost no teaching of the need for collective action, and of the fact that in addition to, not as a substitute for, individual responsibility, there is a collective responsibility. Books such as Herbert Croly's "Promise of American Life" and Walter E. Weyl's "New Democracy" would generally at that time have been treated either as unintelligible or else as pure heresy. The teaching which I received was genuinely democratic in one way. It was not so democratic in another. I grew into manhood thoroughly imbued with the feeling that a man must be respected for what he made of himself. But I had also, consciously or unconsciously, been taught that socially and industrially pretty much the whole duty of the man lay in thus making the best of himself; that he should be honest in his dealings with others and charitable in the old-fashioned way to the unfortunate; but that it was no part of his business to join with others in trying to make things better for the many by curbing the abnormal and excessive development of individualism in a few. Now I do not mean that this training was by any means all bad. On the contrary, the insistence upon individual responsibility was, and is, and always will be, a prime necessity. Teaching of the kind I absorbed from both my text-books and my surroundings is a healthy anti-scorbutic to the sentimentality which by complacently excusing the individual for all his shortcomings would finally hopelessly weaken the spring of

What I cannot understand about the Russian is the way he will lie when he knows perfectly well that you know he is lying.