Scrap Book, Volume 1, No. 1 , The March 1906

We sometimes hear of "Little Englanders." I hope we shall not let ourselves be stung into extravagance and war by any such taunt. There are many who have strong views as to what constitutes the true greatness of a country. It is not wealth, but the application of it; not the numbers of the people, but their character and wellbeing; not the strength, but the use made of it. We do not wish for England the dangerous power of dictation or the seductive glamour of conquest, but that our people may be happy and contented; that we may do what we can to promote the peace, progress, and prosperity of mankind, and that we may deserve, even if we do not secure, the respect, the confidence, and the good-will of other nations.

Being once more happily at peace with all the world, our financial policy should be to reduce expenditure, pay off