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I desire to-day to draw for you, in outline, the story of Israel's development, as traced by our new masters; that you may see the old vision re-emergent in truer, nobler forms. The re-construction of Hebrew history makes real and certain an organic, natural development of the religion of the Christ; a travail of the nation with the Son it bore to God.
Another embarrassing truth is that a strong recovery in Europe or Japan may deplete the pool of foreign capital available to the USA. German and Japanese Investors may prefer to plough their money into a re-emergent Germany, or a re-awakening Japan especially if the dollar were to plunge.
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