In this period, which you will note is more distinguished by the desire for the accumulation of money than far the general production of wealth, the standard of a fortune has shifted from a fair competence to that of millions of money, so that he is no longer rich who has a hundred thousand dollars, but he only who possesses property valued at many millions, and the men most widely known the country through, most talked about, whose doings and sayings are most chronicled in the journals, whose example is most attractive and stimulating to the minds of youth, are not the scholars, the scientists, the men of, letters, not even the orators and statesmen, but those who, by any means, have amassed enormous fortunes.  We judge the future of a generation by its ideals.

Regarding education from the point of view of its equipment of a man to make money, and enjoy the luxury which money can command, it must be more and more practical, that is, it must be adapted not even to the higher aim of increasing the general wealth of the world, by increasing production and diminishing waste both of labor and capital, but to the lower aim of getting personal possession of it; so that a striking social feature of the period is that one-half—­that is hardly an overestimate —­one-half of the activity in America of which we speak with so much enthusiasm, is not directed to the production of wealth, to increasing its volume, but to getting the money of other people away from them.  In barbarous ages this object was accomplished by violence; it is now attained by skill and adroitness.  We still punish those who gain property by violence; those who get it by smartness and cleverness, we try to imitate, and sometimes we reward them with public office.

It appears, therefore, that speed,-the ability to move rapidly from place to place,—­a disproportionate reward of physical over intellectual science, an intense desire to be rich, which is strong enough to compel even education to grind in the mill of the Philistines, and an inordinate elevation in public consideration of rich men simply because they are rich, are characteristics of this little point of time on which we stand.  They are not the only characteristics; in a reasonably optimistic view, the age is distinguished for unexampled achievements, and for opportunities for the well-being of humanity never before in all history attainable.  But these characteristics are so prominent as to beget the fear that we are losing the sense of the relative value of things in this life.

Few persons come to middle life without some conception of these relative values.  It is in the heat and struggle that we fail to appreciate what in the attainment will be most satisfactory to us.  After it is over we are apt to see that our possessions do not bring the happiness we expected; or that we have neglected to cultivate the powers and tastes that can make life enjoyable.  We come to know, to use a truism, that