e a branch of zoology,
the ethics of tooth and claw, the ethics of profiteering, the ethics of
space-binding beasts fighting for "a place in the sun." It will be a
branch of humanology, a branch of Human Engineering; it will be a
time-binding ethics, the ethics of the entirely natural
civilization-producing energies of humanity. Whatever accords with the
natural activity of those energies will be _right_ and _good_; whatever
does not, will be _wrong_ and _bad_. "Survival of the fittest" in the
sense of the _strongest_ is a space-binding standard, the ethical standard
of beasts; in the ethics of humanity's manhood survival of the fittest
will mean survival of the _best_ in competitions for excellence, and
excellence will mean time-binding excellence--excellence in the production
and right use of material and spiritual wealth--excellence in science, in
art, in wisdom, in justice, in promoting the weal and protecting the
rights both of the living and of the unborn. The ethics that arose in the
dark period of humanity's childhood from the conception of human beings as
mysterious unions of animality and divinity gave birth to two repulsive
species of traffic--traffic in men regarded as animals, fit to be slaves,
and traffic in the "supernatural," in the sale of indulgences in one form
or another and the "divine wisdom" of ignorant priests. It is needless to
say that in the natural ethics of humanity's manhood those species of
commerce will not be found.

And what shall we say in particular of economics, of "industry," "business
as usual," and the "finance" of "normalcy"? There lies before me an
established handbook of _Corporation Finance_, by Mr. E. S. Mead, Ph.D.
(Appleton, N. Y.), whose purpose is not that of adverse criticism but is
that of showing the generally accepted "sound" bases for prosperous
business. I can hardly do better than to ask the reader to ponder a few
extracts from that work, showing the established, and amazing theories,
for then I have only to say that in the period of humanity's manhood the
moral blindness of such "principles," their space-binding spirit of
calculating selfishness and greed, will be regarded with utter loathing as
slavery is regarded to-day. Behold the picture:

"Since the bondholder is solely interested in the security of his
principal, and regular payment of his interest, and since both
security and interest depend upon the permanence of income, other
things bei