In this generation we have witnessed the decline in power of the British empire, upon which it was said, with understandable pride, that the sun had never set. Its armies, its planes, its ships, its money, its merchandise, and its industrial genius are moving to the remote parts of the world. In a world where two-thirds of the people earn less than one hundred dollars a year we are far richer than any nation in history has ever been. The call of economic comfort is loud. Leisure becomes more attractive than labor.
Spending becomes more alluring than saving.
Confronted with the challenge today of major world problems, we must remain strong, and we must hold fast in our minds and hearts to those great ideals and eternal values upon which our freedom and even survival may ultimately rest At the time of the original publication, Dr. Prochnow of Evanston, Illinois, was a former professor, government official, and banker and is well known as an author and lecturer on political and economic affairs.