In our day, not only are great and well-disciplined hosts required for carrying on war, but great material riches are equally indispensable. The relation between a nation of four or five millions, and one of forty or fifty millions, is like that between the dwarfs and the giants. It is easily understood that patriotic feelings may bewilder the judgment, and that our nation, with its brilliant war memories, can only with difficulty perceive this simple truth, and with reluctance accommodate itself to the changed condition which modern times have created. Let us, however, realize that we are standing at the parting of the ways; that we have before us the alternative, on the one hand, of a barren and ruinous militarism; on the other, the seeking of our defence in a neutrality guaranteed by the united powers; making it possible for us to get our defence adjusted, without any very great difficulty, and settled upon a footing so satisfactory. The first-named alternative would, in our naturally poor land, excessively depress our natural vitality, and in a great degree prevent our progress as a cultured people keeping pace with greater and wealthier nations. The second would put us into a position to confine our military burdens within reasonable limits, and to expend the powers and resources of prosperity thus relieved, in means of promoting business, trade, science, and well-being of all kinds. The clear-sighted friend of his country, who sees the population in ever-swelling numbers leaving their homes for a foreign shore, seeking a new fatherland, will surely not hesitate in his choice. It will perhaps be said that such a choice does not now lie before us. There are two opinions about that. But in one thing we may all unite, namely, that a settled neutrality for Sweden is a thing to be aimed at. Here almost every interest of the fatherland converges. But if such a neutralization is considered by many not a sufficient peace-protection under all circumstances, yet no one with reason can deny that it does form a security for our country against foreign powers. Accepting this conclusion as correct, it follows that we should find some practicable means of realizing it; and if hindrances do meet us, we shall, on nearer inspection, find that they are not great, but with hearty goodwill and perseverance may be overcome. This is my conviction.