“In America nearly every man has his dream – his pet scheme – whereby he is to advance himself socially or pecuniarily. It is this all-pervading speculativeness which we tried to illustrate in “The Gilded Age.” It is a characteristic which is both bad and good for both the individual and the nation. Good, because it allows neither to stand still but drives both forever on to some point which is ahead, not behind nor to one side. Bad, because the chosen point is often badly chosen and then the individual is wrecked. The aggregation of such cases affects the nation and thus is bad for the nation. Still, it is a trait which is – of course – better for a people to have and sometimes suffer from than to be without.”