CHAPTER I THE ORDEAL OF THE CONFEDERATION It was characteristic of the people of the United States that once assured of their political independence they should face their economic future with buoyant expectations. As colonizers of a new world they were confident in their own strength. When once the shackles of the British mercantile system were shaken off, they did not doubt their ability to compete for the markets of the world. Even... more...

CHAPTER I INTRODUCTION This book is intended not to raise fears but to record facts. We wish to describe with pen and pencil those features of England which are gradually disappearing, and to preserve the memory of them. It may be said that we have begun our quest too late; that so much has already vanished that it is hardly worth while to record what is left. Although much has gone, there is still, however, much remaining that is good, that... more...

PREFACE It was in May, 1910, that the author came to Princeton for an interview with President Woodrow Wilson concerning an appointment as Instructor in the Department of History, Politics, and Economics. He was elated when President Wilson engaged him, though not happy over the $1,000 salary. Yet with this sum to fall back on he borrowed $200, and took a trip to England. In London he went treasure hunting, the treasure of old documents... more...

CHAPTER IX. FROM NORFOLK TO CAPE HATTERAS. THE ELIZABETH RIVER. — THE CANAL. — NORTH LANDING RIVER. — CURRITUCK SOUND. — ROANOKE ISLAND. — VISIT TO BODY ISLAND LIGHT-HOUSE. — A ROMANCE OF HISTORY. — PAMPLICO SOUND. — THE PAPER CANOE ARRIVES AT CAPE HATTERAS. On Saturday morning, December 5, I left the pier of the Old Dominion Steamship Company, at Norfolk, Virginia, and, rowing across the water... more...

Richard Hakluyt, notwithstanding the Dutch look of his name, was of a good British stock, from Wales or the Welsh borders. At the beginning of the fourteenth century an ancestor of his, Hugo Hakelute, sat in Parliament as member for Leominster. Richard Hakluyt, born about five years before the accession of Queen Elizabeth, was a boy at Westminster School, when visits to a cousin in the Middle Temple, also a Richard Hakluyt, first planted in him... more...

Thirty-five years ago I made a voyage to the Arctic Seas in what Chaucer calls   A little boteNo bigger than a mannë’s thought; it was a Phantom Ship that made some voyages to different parts of the world which were recorded in early numbers of Charles Dickens’s “Household Words.”  As preface to Richard Hakluyt’s records of the first endeavour of our bold Elizabethan mariners to find North-West... more...

WALDEN Economy When I wrote the following pages, or rather the bulk of them, I lived alone, in the woods, a mile from any neighbor, in a house which I had built myself, on the shore of Walden Pond, in Concord, Massachusetts, and earned my living by the labor of my hands only. I lived there two years and two months. At present I am a sojourner in civilized life again. I should not obtrude my affairs so much on the notice of my readers if very... more...

A BRIEF SKETCHOF THELIFE AND CHARACTER OF DAVID WALKER.   It is generally the desire of the reader of any intellectual production, to know something of the character and the life of the author. The character of David Walker is indicated in his writings. In regard to his life, but a few materials can be gathered; but what is known of him, furnishes proof to the opinion which the friends of man have formed of him—that he possessed a... more...

This is a reprint, somewhat amplified, of an article printed recently in the New York Times. The original article was written before the recommendations of the Ways and Means Committee of the House of Representatives were reported. In a time of patriotic exaltation and of universal obligation and readiness to make great sacrifices to bring a most just and righteous war to a successful conclusion, the voice of sober argument and matter of fact... more...

I THE OUTLOOK FOR CAPITAL September, 1917 The Creation of Capital—The Inducement—War and Capital One of the questions that are now most keenly agitating the minds of the investing public and of financiers who cater for its wants, and also of employers and organisers of industry who are trying to see their way into after-the-war conditions, is that of the supply of capital. On this subject there are two contradictory theories: one... more...