e in the wisest and most
equitable manner possible, and spend it effectively and economically,
but it must also care for its present possessions. So the would-be
citizen must know about the wealth in which he wants to share. What do
the national, State and municipal governments own? How should the vast
domains of land, the onetime inexhaustible forests, the mines of coal
and metal, the waterways and water-powers, the special privileges and
franchises belonging to the people be used? Should they be thrown away,
gambled away, given away as favors, rented, sold, or handled directly by
the people? On what terms or under what guarantees should they be turned
over to individuals or companies, if this is to be done? Those who
cannot form judgments on these matters should not be entrusted with such
vast responsibility, be they men or women.

Questions of our foreign relations must also occupy the thought of the
citizen. Are foreign entanglements necessary or desirable? If so, with
what European or Asiatic nations should we seek to strengthen our
friendship? Are our interests nearly identical with those of England? If
we formed a close defensive alliance with her should we be thereby
aiding universal peace as much as we might by maintaining more generally
friendly relations with all European powers? Would an alliance with
England probably draw us into her troubles, if she has any, in Egypt or
India? How would such an alliance affect our relation with England's
present ally, Japan? Are we fitted by the genius of our institutions
and by our experience to handle a foreign empire? If not, what should
we do with the Philippines?

So, too, those who are to direct the destinies of the country must think
out what our relations are to be with Latin America. In the past some
statesman, a Richelieu or a Bismarck, had a policy and led his nation to
it by devious paths of indirection. But now that each citizen is a king,
he must have a policy for his realm. Are our republican neighbors to the
south to be increasingly recognized as under our protection and
direction? If so, how are we to maintain the peace and secure payment of
their foreign debts? All these problems are bound up with the management
of the Panama Canal. They confront us in different forms in connection
with immigration, especially of Asiatics.

Our institutional life must also be regulated by the citizens, and so
they must have judgments about each of its details. They must