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 the anti-imperialists as little as it would suit a certain type of forcible-feeble imperialist. But there are some points on which we must all agree if we think soundly. The precise form of government, democratic or otherwise, is the instrument, the tool, with which we work. It is important to have a good tool. But, even if it is the best possible, it is only a tool. No implement can ever take the place of the guiding intelligence that wields it. A very bad tool will ruin the work of the best craftsman; but a good tool in bad hands is no better. In the last analysis the all-important factor in national greatness is national character.

There are questions which we of the great civilized nations are ever tempted to ask of the future. Is our time of growth drawing to an end? Are we as nations soon to come under the rule of that great law of death which is itself but part of the great law of life? None can tell. Forces that we can see, and other forces that are hidden or that can but dimly be apprehended, are at work all around us, both for good and for evil. The growth in luxury, in love of ease, in taste for vapid and frivolous excitement, is both evident and unhealthy. The most ominous sign is the diminution in the birth-rate, in the rate of natural increase, now to a larger or lesser degree shared by most of the civilized nations of Central and Western Europe, of America and Australia; a diminution so great that if it continues for the next century at the rate which has obtained for the last twenty-five years, all the more highly civilized peoples will be stationary or else have begun to go backward in population, while many of them will have already gone very far backward.

There is much that should give us concern for the future. But there is much also which should give us hope. No man is more apt to be mistaken than the