And yet I feel that I am living in a different land from that in which I was born, and under a different Constitution, and that new perils have arisen sufficient to cause great anxiety. Some of these are the consequences of the war, and some are due to other causes. But every generation must encounter its own trials, and should extract benefit from them if it can. The grave problems growing out of emancipation seem to have found a solution in an improving education of the whole people. Perhaps education is the true means of escape from the other perils to which I have alluded.

Let me state them as they appear to me to exist.

Vast fortunes, which astonish the world, have suddenly been acquired, very many by methods of more than doubtful honesty, while the fortunes themselves are so used as to benefit neither the possessors nor the country.

Republican simplicity has ceased to be a reality, except where it exists as a survival in rural districts, and is hardly now mentioned even as a phrase. It has been superseded by republican luxury and ostentation. The mass of the people, who cannot afford to indulge in either, are sorely tempted to covet both.

The individual man does not rely, as he formerly did, on his own strength and manhood. Organization for a common purpose is resorted to wherever organization is possible. Combinations of capital or of labor, ruled by a few individuals, bestride the land with immense power both for good and evil. In these combinations the individual counts for little, and is but little concerned about his own moral responsibility.

When De Tocqueville, in 1838, wrote his remarkable book on Democracy in America, he expressed his surprise to observe how every public question was submitted to the decision of the people, and that, when the people had decided, the question was settled. Now politicians care little about the opinions of the people, because the people care little about opinions. Bosses have come into existence to ply their vile trade of office-brokerage. Rings are formed in which the bosses are masters and the voters their henchmen. Formerly decent people could not be bought either with money or offices. Political parties have always some honest foundation, but rings are factions like those of Rome in her decline, having no foundation but public plunder.

Communism, socialism, and labor strikes have taken the place of slavery agitation. Many people have come to believe that this is a paternal Government from which they have a right to ask for favors, and not a Republic in which all are equal. Hence States, cities, corporations, individuals, and especially certain favored classes, have no scruple in getting money somehow or other, directly or indirectly, out of the purse of the Nation, as if the Nation had either purse or property which does not belong to the people, for the benefit of the whole people, without favor or partiality towards any.

In many ways there is a dangerous tendency towards the centralization of power in the National Government, with little opposition on the part of the people.

Paper money is held by the Supreme Court to be a lawful substitute for gold and silver coin, partly on the ground that this is the prerogative of European governments.[16] This is strange constitutional doctrine to those who were brought up in the school of Marshall, Story, and Chancellor Kent.

The administration of cities has grown more and more extravagant and corrupt, thus leading to the creation of immense debts which oppress the people and threaten to become unmanageable.