Thus far in our history no man has ever walked the street in vain for work, no man has gone home to find his wife in rags and his children crying for bread, because of dishonesty in public office. The United States can stand extravagance, it can stand graft, it has stood and is standing the most reckless abandon in all its financial expenditures. The worst this nation has yet encountered—and may the good Lord save us from anything more dreadful—is incompetency in the halls of legislation. Extravagance and graft stalk forth at noonday when incompetency occupies the seats intended for statesmen. None but bolsheviki would consider subjecting an army to democratic command. The personnel of an army may possess equal patriotism without possessing equal aptitude for war. Recent experiences have only emphasized what was said more than a thousand years ago: “An army of asses commanded by a lion will overthrow an army of lions commanded by an ass.” Strange, is it not, that every one should recognize this principle when applied to an army and to business, and an overwhelming majority overlook it when applied to governmental matters? CHAPTER IV EXPECTATIONS REALIZED The capacity of the people to select representatives wiser than their constituents illustrated by historic facts. America has passed through several crises, and each time has been saved because the people’s representatives were wiser than the people. In this respect, the expectation of the Fathers has been realized. I will mention but three instances. During the Civil War the government resorted to the issuance of paper currency, commonly called greenbacks. While conservative people assumed that these greenbacks would be redeemed whenever the government was able, nevertheless, there being no express provision for their redemption, they went to depreciation, and passed from hand to hand far below par. All this resulted in inflation which inevitably led to a period of depression. In this connection it is well to remember that whenever we have had a period of depression, and whenever we shall have such a period, there always has been and ever will be a group of people with a panacea for our ills. During the period referred to, a political party, calling itself the “Greenback Party,” came into existence and advocated the issuance of an indefinite volume of irredeemable paper currency which, in their ignorance, they called “money.” The specious argument was to the effect that when “money” can be made on a printing press, it is silly to have less than enough. They expressly advocated issuing all the currency the people could use without making any provision for its retirement. Whenever the people wanted more, they proposed to print more.