The most dangerous enemy of America has been--not Spain, France, England, or any other nation in arms, but--our own material prosperity. The lessons of adversity we took to heart, and they brought forth wholesome fruit, purifying our blood and toughening our muscles. So long as the Spirit of Liberty was threatened from without, she was safe and triumphant. But when her foes abroad had ceased to harry her, a foe far more insidious began to plot against her in her own house. The tireless energy and ingenuity which are our most salient characteristics, and which had rendered us formidable and successful on sea and land, were turned by peace into productive channels. The enormous natural resources of the continent began to receive development; men who under former conditions would have been admirals and generals, now became leaders in commerce, manufactures and finance; they made great fortunes, and set up standards of emulation other than patriotism and public spirit. Like the old Spanish and English adventurers, they sought for gold, and held all other things secondary to that. An anomalous oligarchy sprang into existence, holding no ostensible political or social sway, yet influential in both directions by virtue of the power of money. Money can be possessed by the evil as well as by the good, and it can be used to tempt the good to condone evil. The exalted maxim of human equality was interpreted to mean that all Americans could be rich; and the spectacle was presented of a mighty and generous nation fighting one another for mere material wealth. Inevitably, the lower and baser elements of the population came to the surface and seemed to rule; the ordinary citizen, on whom the welfare of the State depends, allowed his private business interest to wean him from the conduct of public affairs, which thereby fell into the hands of professional politicians, who handled them for their personal gain instead of for the common weal. We forgot that pregnant saying, "Eternal vigilance is the price of liberty," and suffered ourselves to be persuaded that because our written Constitution was a wise and patriotic document, we were forever safe even from the effects of our own selfishness and infidelity. As some men are more skillful and persistent manipulators of money than others, it happened that the capital of the country became massed in one place and was lacking in another; the numbers of the poor, and of paupers, increased; and the rich were able to control their political action and sap their self-respect by dominating the employment market. "Do my bidding, or starve," is a cogent argument; it should never be in the power of any man to offer it; but it was heard over the length and breadth of free America. The efforts of laboring men, by organization, to check the power of capitalists, was met by the latter with organizations of their own, which, in the form of vast "trusts" and otherwise, deprived small