“People are not laughing and careless here as they used to be,” he told me. “It isn’t the London I remember. They are anxious. Something hangs over them.” Coming as I do from Europe to America, I am amazed at the apparent buoyancy and abundance of New York. The place seems to possess an inexhaustible vitality. But this towering, thundering, congested city, with such a torrent of traffic and such a concourse of people as I have never seen before, is, after all, the European door of America; it draws this superabundant and astounding life from trade, from a trade whose roots are dying. When one looks at New York its assurance is amazing; when one reflects we realize its tremendous peril. It is going on—as London is going on—by accumulated inertia. With the possible exception of London, the position of New York seems to me the most perilous of that of any city in the world. What is to happen to this immense crowd of people if the trade that feeds it ebbs? As assuredly it will ebb unless the decline of European money and business can be arrested, unless, that is, the world problem of trade and credit can be grappled with as a world affair. The world’s economic life, its civilization, embodied in its great towns, is disintegrating and collapsing through the strains of the modern war threat and of the disunited control of modern affairs. This in general terms is the situation of mankind today; this is the situation, the tremendous and crucial situation, that President Harding, the head and spokesman of what is now the most powerful and influential state in the world, has called representatives from most of the states in the world to Washington to discuss. Whatever little modifications and limitations the small cunning of diplomatists may impose upon the terms of reference of the conference, the plain common sense of mankind will insist that its essential inquiry is, “What are we to do, if anything can possibly be done, to arrest and reverse the slide toward continuing war preparation and war and final social collapse?” And you would imagine that this momentous conference would gather in a mood of exalted responsibility, with every conceivable help and every conceivable preparation to grasp the enormous issues involved. Let us dismiss any such delusion from our minds. Let us face a reality too often ignored in the dignified discussion of such business as this Washington Conference, and that is this: that the human mind takes hold of such very big questions as the common peace of the earth and the general security of mankind with very great reluctance and that it leaves go with extreme alacrity.