> We cannot scrap overnight all our established ways of inquiring into the facts before leaping to conclusions. Wellington said that he had spent almost all his life in trying to figure out what lay beyond the hill in front of him. We can’t dispense with that habit of mind. If we give instant heed to every hysterical gentleman who comes along with exaggerated fears and with improvised measures to lay them; if we run after the sensational press which flings out its masses of unverified statistics and shrieks for inferences which do not follow, we shall speedily find ourselves rushing down a steep place into the sea.
Mar 3, 1917. The Commercial and Financial Chronicle. NY.
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