A man may be a tough, concentrated, successful moneymaker and never contribute to his country anything more than a horrible example. A manager may be tough and practical, squeezing out, while the going is good, the last ounce of profit and dividend, and may leave behind him an exhausted industry and a legacy of industrial hatred. A tough manager may never look outside his own factory walls or be conscious of his partnership in a wider world. I often wonder what strange cud such men sit chewing when their working days are over, and the accumulating riches of the mind have eluded them.

Modern history is, as you all know, full of examples of great movements that disappeared because they had ceased to have any genuine reason for existence. The important thing is to have a faith to live by, and that goes for us in this party.

Men of genius are not to be analysed by commonplace rules. The rest of us who have been or are leaders, more commonplace in our quality, will do well to remember two things. One is never to forget posterity when devising a policy. The other is never to think of posterity when making a speech.

Considering the company I keep in this place, that is hardly surprising.

Experiment is necessary in establishing an academy, but certain principles must apply to this business of art as to any other business which affects the artistic tic sense of the community. Great art speaks a language which every intelligent person can understand. The people who call themselves modernists today speak a different language.

A manager may be tough and practical, squeezing out, while the going is good, the last ounce of profit and dividend . . .

I did but see her passing by and yet I love her till I die.