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Roosevelt, Theodore, 1858-1919

"African and European Addresses"

That is why I decline to recognize
the mere multi-millionaire, the man of mere wealth, as an asset of
value to any country; and especially as not an asset to my own
country. If he has earned or uses his wealth in a way that makes him
of real benefit, of real use,--and such is often the case,--why, then
he does become an asset of worth. But it is the way in which it has
been earned or used, and not the mere fact of wealth, that entitles
him to the credit. There is need in business, as in most other forms
of human activity, of the great guiding intelligences. Their places
cannot be supplied by any number of lesser intelligences. It is a good
thing that they should have ample recognition, ample reward. But we
must not transfer our admiration to the reward instead of to the deed
rewarded; and if what should be the reward exists without the service
having been rendered, then admiration will come only from those who
are mean of soul. The truth is that, after a certain measure of
tangible material success or reward has been achieved, the question of
increasing it becomes of constantly less importance compared to other
things that can be done in life. It is a bad thing for a nation to
raise and to admire a false standard of success; and there can be no
falser standard than that set by the deification of material
well-being in and for itself.


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