THE POLITICAL VALUE OF HISTORY
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some of the most skilfully-devised Constitutions in Europe has not saved some of the South American States from long courses of anarchy, bankruptcy, and revolution.
These are some of the political lessons that may be drawn from history. Permit me, in conclusion, to say that its most precious lessons are moral ones. It expands the range of our vision, and teaches us in judging the true interests of nations to look beyond the immediate future. Few good judges will deny that this habit is now much wanted. The immensely increased prominence in political life of ephemeral influences, and especially of the influence of a daily press; the immense multiplication of elections, which intensifies party conflicts, all tend to concentrate
