Men will give their lives to their country as a matter of plain and natural duty; men, without a moment’s hesitation, will quit their business and devote their entire time and energy and effort to the affairs of the Nation, as a great many have done and every one of us stands ready to do, without any thought of compensation. But, generally speaking, men will not take business risks, will not venture, will not be enterprising and constructive, will not take upon themselves the responsibilities, the chance of loss, the strain, the wear and tear and worry and care of intense business activity if they do not have the prospect of adequate monetary reward, even though a large part of that reward is taken away again in the shape of taxation. IV Reverting now to the subject of the conscription of men, I know I speak the sentiment of all those beyond the years of young manhood when I say that there is not one of us worthy of the name of a man who would not willingly go to fight if the country needed or wanted us to fight. But the country does not want or call its entire manhood to fight. It does not even call anywhere near its entire young manhood. It has called, or intends to call in the immediate future, perhaps 25% of its men between 20 and 30 years of age, which means probably about 4% of its total male population of all ages. In other words, it calls only for such number of men as appears indicated by the needs of the country, and as corresponds to a prudent estimate of the task before it. I am far from meaning to compare the loss of income or profits with the risk of life or health to which men on the firing line are exposed, or to compare financial sacrifices to those willingly and proudly borne by the youth of our land and shared by those near and dear to them. But I do believe it to be a just contention—not in the interest of the individual, but of the welfare of the community—that the same principle which is applied in the case of the conscription of men should hold good for the conscription of income or profits; i. e., so much thereof should be taken by the State as is required by a prudent estimate of the task before it and as best promotes the accomplishment of that task, bearing in mind that the preservation of the country’s economic power is next in importance for winning the war to its military power. Vindictiveness, extremist theories and demagogism ought to have no place in arriving at that estimate.