Speeches At the Lotos Club volume 2

Cover Speeches At the Lotos Club volume 2
Speeches At the Lotos Club volume 2
John Elderkin
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That is not necessary, let me assure him. In this coun try we all have open minds, because we usually "know we are right. ' ' Now, I heard Mr. Morley last Monday, about half- past one in the afternoon, say that he thought in this country there was a tendency (he apologized for say ing it, but he said it) that in this country he thought there was a tendency not only to think one man as good as another, but also to think one man's opinion as good as another man's opinion, and he said that he 190 ...SPEECHES AT THE LOTOS CLUB thought (he ventured to think, you know, in his mild, gentle, deprecatory way), that the competence of the man who expressed the opinion seemed to qualify the value of the opinion.
As he made that profound and searching philosophic remark, I looked around, and I saw alongside of Mr. Morley, Mr. J. Pierpont Morgan ; and on the other side, Mr. D. 0. Mills ; and just behind him, Mr. James Still- man; and men of that kind sitting all around him. And I said, "Now, how true that is!" If any half- dozen of these men here should express the opinion that stocks were too high, stocks would all go down to-night, because they are not only competent men, but also men who have amassed what you might call 'a modest competence.


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