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Rh come common — they will be renewed at the end of the first year of the new Presidential term, which is always our golden age. In my contact with young men I am continually and painfully struck by the fact that, although they have a great deal of feeling and enthusiasm for parties and men, they do not respect the institutions of their country and deem it no shame to express contempt for Congress or for state legislatures. When I turn to the newspapers it seems to me that a stranger who read them would think that, throwing aside all incidental and unimportant matters, the three essential organs of the American government are the President, the politicians, and the people, and that the practical question of our politics is: Which two of these will combine against the other? I have, therefore, attempted to set forth both the strength and the limitations of the American representative democracy. I regard it as a necessary stage in the political development of the country; I regard it as inadequate for the needs of the nation which is growing up; I regard the inferences which have been drawn from it in regard to the abstract goodness of democracy as entirely fallacious; I do not see how democracy, in an old country, can ever be anything but a short road to Cæsarism.

With regard to the future development of our system, we may be sure that it will take place steadily and necessarily. We shall not make any great reforms or sweeping changes. All that comes about will have to proceed out of our past history, be built upon it, and be consistent with it. No constitutional or other changes can be brought about by congresses of learned men or by voluntary organizations which are not in accord with the genius of the election and its circumstances. The revisions which have been