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It is sometimes said that because of our past we, as a people, expect too much and set our sights too high. That is not the way I see it. Rather it seems to me that throughout my life in politics our ambitions have steadily shrunk. Our response to disappointment has not been to lengthen our stride but to shorten the distance to be covered. But with confidence in ourselves and in our future what a nation we could be!
Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life. The calculation of intrinsic value, though, is not so simple. As our definition suggests, intrinsic value is an estimate rather than a precise figure, and it is additionally an estimate that must be changed if interest rates move or forecasts of future cash flows are revised.
As soon as a man recognizes that he has drifted into age, he gets reminiscent. He wants to talk and talk; and not about the present or the future, but about his old times. For there is where the pathos of his life lies - and the charm of it. The pathos of it is there because it was opulent with treasures that are gone, and the charm of it is in casting them up from the musty ledgers and remembering how rich and gracious they were.
In spite of the universalistic spirit of the monotheistic Western religions and of the progressive political concepts that are expressed in the idea "that all men are created equal," love for mankind has not become a common experience. Love for mankind is looked upon as an achievement which, at best, follows love for an individual or as an abstract concept to be realized only in the future. But love for man cannot be separated from love for one individual. To love one person productively means to be related to his human core, to him as representing mankind. Love for one individual, in so far as it is divorced from love for man, can refer only to the superficial and to the accidental; of necessity it remains shallow.
If our farmers now used the wasteful methods that served for their great grand-fathers they would not merely fail in the present, but would work a grave wrong to the American citizens of the future. In the same way we must apply new political methods to meet the new political needs, or else we shall stiffer, and our children also.
Of all the endless variety of phenomena which nature presents to our senses, there is none that fills our minds with greater wonder than that inconceivably complex movement which, in its entirety, we designate as human life; Its mysterious origin is veiled in the forever impenetrable mist of the past, its character is rendered incomprehensible by its infinite intricacy, and its destination is hidden in the unfathomable depths of the future....
If as the friends of colonization hope, the present and coming generations of our countrymen shall by any means, succeed in freeing our land from the dangerous presence of slavery; and, at the same time, in restoring a captive people to their long-lost father-land, with bright prospects for the future; and this too, so gradually, that neither races nor individuals shall have suffered by the change, it will indeed be a glorious consummation.