You are one of two gladiators in the arena: your first duty is to amuse the multitude. But as the multitude is not going to remember very long after leaving the show who was victorious, it is not worth while to take any hurts for a merely visible advantage. So fight as to prove to yourself and to your adversary that you are the abler swordsman—that is, the more honorable man. Victory in that is important, for it is lasting, and is enjoyed ever afterward when you see or think of the vanquished. If in the battle I get a foul stroke, that is a distinct gain, for I never by any possibility forget that the man who delivered it is a foul man. That is what I wanted to think him, and the very thing which he should most strenuously have striven to prevent my knowing. I may meet him in the street, at the club, any place where I can not help it; under whatever circumstances he becomes present to my consciousness I find a fresh delight in recalling my moral superiority and in despising him anew. Is it not strange, then, that ninety-nine disputants in a hundred deliberately and in cold blood concede to their antagonists this supreme and decisive advantage in pursuit of one which is merely illusory? Their faults are, first, of course, lack of character; second, lack of sense. They are like an enraged mob engaged in hostilities without having taken the trouble to know something of the art of war. Happily for them, if they are defeated they do not know it: they have not even the sense to ascribe their sufferings to their wounds. 1899. IN THE INFANCY OF “TRUSTS”