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following behind. And in the years to come your competitors will be not from among the non-college men and women--you have already put yourself out of their reach--but from among those who, like yourselves, ambitious for better and greater things, are to-day, in this and other similar institutions, using every means, straining every nerve, to attain the highest possible degree of efficiency for future service. You are not only to be leaders, but in some way you seem to know it instinctively and to be putting yourselves in a state of readiness. But does some one raise the objection that this theory of leadership does not seem to be in harmony with the spirit and genius of our American institutions; that under a democratic form of government all are equal; that all men, irrespective of intellectual attainment, share equally, not only before the law but in the very making of law; that in America all men are rulers? All this is true theoretically and, to a certain extent, practically, but it does not lessen the need of efficient leadership; it increases that need, or, at any rate, it makes it necessary that the number capable of efficient leadership be greatly increased. The very fact that all have a voice in the government, that all do share, consciously and potently, in its exercise and in its responsibilities, speaks more loudly than anything else can of the need of wise leadership. If the great mass of people were not factors, they would not have to be taken into account. They might need drivers but not leaders. But being factors and yet, in the main, not being capable of adequate analysis of our most complex and highly intricate problems, they must be provided with safe and efficient leaders. I believe in the honesty, in the good intentions, and in the good sense of the common people. But I do not believe in their ability to detect relations, to draw wise conclusions, and to formulate policies touching the complicated political, social, and economic conditions of our times. It is a well-recognized fact that, as some one has said, "speaking broadly, the striking disadvantage under which a democracy labors, as contrasted, let us say, with certain types of autocracy, lies in its inability to plan effectively with reference to remote goals.... What we call 'far ahead' thinking is difficult for the individual, but it is vastly more difficult for the group, and its difficulty is intensified in both cases if it demands la
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