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sions. It is miserliness. The living ideals must not lose their touch with the growing and changing life. Their real freedom is not within the boundaries of security, but in the highroad of adventures full of the risk of new experiences.

One morning the whole world looked up in surprise, when Japan broke through her walls of old habits in a night and came out triumphant. It was done in such an incredibly short time, that it seemed like a change of dress and not like the building up of a new structure. She showed the confident strength of maturity and the freshness and infinite potentiality of new life at the same moment. The fear was entertained that it was a mere freak of history, a child's game of Time, the blowing up of a soap bubble, perfect in its rondure and colouring, hollow in its heart and without substance. But Japan has proved conclusively that this sudden revealment of her power is not a short-lived wonder, a chance product of time and tide, thrown up from the depth of obscurity to be swept away the next moment into the sea of oblivion.

The truth is that Japan is old and new at the