ate devotion than they get in the United States. The distinction that goes with mere office runs far ahead of the distinction that goes with actual achievement. A Harding is regarded as genuinely superior to a Halsted, no doubt because his doings are better understood. But there is a form of human striving that is understood by democratic man even better than Harding’s, and that is the striving for money. Thus the plutocracy, in a democratic state, tends to take the place of the missing aristocracy, and even to be mistaken for it. It is, of course, something quite different. It lacks all the essential characters of a true aristorcracy: a clean tradition, culture, public spirit, honesty, honour, courage—above all, courage. It stands under no bond of obligation to the state; it has no public duty; it is transient and lacks a goal. Its most puissant dignitaries of to-day came out of the mob only yesterday—and from the mob they bring all its peculiar ignobilities. As practically encountered, the plutocracy stands quite as far from the honnête homme as it stands from the Holy Saints. Its main character is its incurable timorousness; it is for ever grasping at the straws held out by demagogues. Half a dozen gabby Jewish
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