Let it be immediately added, however, that this economic independence and prosperity has always been absolutely associated in the American mind with free political institutions.

American history contains much matter for pride and congratulation, and much matter for regret and humiliation.

So far I, at least, have no fault to find with implications of Hamilton's Federalism, but unfortunately his policy was in certain other respects tainted with a more doubtful tendency.

Our country was thereby saved from the consequences of its distracting individualistic conception of democracy, and its merely legal conception of nationality. It was because the followers of Jackson and Douglas did fight for it, that the Union was preserved.

Of course, Americans have no monopoly of patriotic enthusiasm and good faith.

The higher American patriotism, on the other hand, combines loyalty to historical tradition and precedent with the imaginative projection of an ideal national Promise.

In the long run men inevitably become the victims of their wealth. They adapt their lives and habits to their money, not their money to their lives. It preoccupies their thoughts, creates artificial needs, and draws a curtain between them and the world.