Yet neither gambling and taking risks, nor suggestibility and imitation, are the whole of the story. We must not forget the superficiality of thinking, the uncritical, loose, and flabby use of the reasoning power which shows itself in so many spheres of American mass life. It is sufficient to see the triviality of argument and the cheapness of thought in those newspapers which seek and enjoy the widest circulation. It is difficult not to believe that fundamentally sins of education are to blame for it. The school may bring much to the children, but no mere information can be a substitute for a training in thorough thinking. Here lies the greatest defect of our average schools. The looseness of the spelling and figuring draws its consequences. Whoever becomes accustomed to inaccuracy in the elements remains inaccurate in his thinking his life long. If the American public loses a hundred million dollars a year by investments in worthless undertakings, surely not the smallest cause is the lack of concise reasoning. Wrong analogies control the thought of the masses. Any copper stock must be worth buying because the stock of Calumet-Hecla multiplied its value a hundredfold. But the irony of the situation lies in the fact that, as experience shows, those who are the clearest thinkers in their own fields are in the realm of investments as easily trapped as the most superficial reasoners. It is well known that college professors, school teachers, and ministers figure prominently on the mailing lists of unscrupulous brokers, and their hard-earned savings are especially often given for stocks which soon are not worth the paper on which they are printed. Sometimes, to be sure, this unpractical behaviour of the idealists really results from an unreasonable indifference to commercial questions. The true scholar, whose life is tuned to the conviction that he has more important things to do in the world than to make money, readily falls into a mood of carelessness with regard to the money which he does chance to make. In this state of indifference he follows any advice and may easily be misled.