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any railroad in the United States who held that position when I was elected and is still active. It is the habit of age to dwell on the degeneracy of the times and lament the good old days and their superiority, but Yale is infinitely greater and broader than when I graduated sixty-five years ago. The New York Legislature and State executives are governing an empire compared with the problems which we had to solve fifty-nine years ago. I believe in the necessity of leadership, and while recognizing a higher general average in public life, regret that the world crisis through which we have passed and which is not yet completed, has produced no Washington, Lincoln, or Roosevelt. I rejoice that President Harding, under the pressure of his unequalled responsibilities, is developing the highest qualities of leadership. It is an exquisite delight to visualize each administration from 1856 and to have had considerable intimacy with the leaders in government and the moulders of public opinion during sixty-five unusually laborious years. Many who have given their reminiscences have kept close continuing diaries. From these voluminous records they have selected according to their judgment. As I have before said, I have no data and must rely on my memory. This faculty is not logical, its operations are not by years or periods, but its films unroll as they are moved by association of ideas and events. It has been a most pleasurable task to bring back into my life these worthies of the past and to live over again events of greater or lesser importance. Sometimes an anecdote illumines a character more than a biography, and a personal incident helps an understanding of a period more than its formal history. Life has had for me immeasurable charms. I recognize at all times there has been granted to me the loving care and guidance of God. My sorrows have been alleviated and lost their acuteness from a firm belief in closer reunion in eternity. My misfortunes, disappointments, and losses have been met and overcome by abundant proof of my mother's faith and teaching that they were the discipline of Providence for my own good, and if met in that spirit and with redoubled effort to redeem the apparent tragedy they would prove to be blessings. Such has been the case. While new friends are not the same as old ones, yet I have found cheer and inspiration in the close communion with the young of succeeding generations
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