First we shall have remarked that the Latin American people are material in the making. They are not a worn-out race; they are, rather, unformed, plastic, with their life before them. Second, they inhabit perhaps the richest portion of the surface of the globe, which, so far from being exhausted, has not been heavily drawn upon in some respects. It is true that coal, that adjunct of the civilization of the industrial age, is not plentiful (except in certain districts). But the future may not be so largely dependent upon this mineral. Possibly, moreover, Nature had a purpose in the absence of coal, ordaining that at least one of the world's continents should not undergo the terrors of the factory age! Let us turn now to certain more general conditions. The growth of the Latin American republics might seem to offer a future for the growth and even regeneration (and some writers have said the predominance again) of the Latin races in the world generally. Here, at least, is an enormous territory, some of the richest and most fertile on the globe, at present but thinly inhabited. By the close of the present century it might be that South America would contain 250 million people. A century ago there were but 15 millions. Of course the enormous growth of the population in Europe and the United States has been a result of the machine, or industrial age--by no means an unmixed good. This has depended upon the resources of coal, iron and so forth in their soils, and statistics and forecasts show that these resources, under the present system of depletion and waste, especially in England and the United States, will tend to exhaustion in a few generations. Whether that will lead to a corresponding decline in population remains to be seen, but in this and other respects it may be said that coming events cast their shadows before. Probably the greatest reproach that can be placed upon Anglo-Saxon life to-day is that we are drawing heavily upon the exhaustible resources of the earth without establishing the basis of a permanent or adequate civilization.