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The origins of this depression lie to some extent within our own borders through a speculative period which diverted capital and energy into speculation rather than constructive enterprise. Had overspeculation in securities been the only force operating, we should have seen recovery many months ago, as these particular dislocations have generally readjusted themselves.
In his own quaint way he derived a certain speculative excitement from this practice. If the doorway was empty he regarded himself as a winner, if some one stood sheltered in the deep recess which is a feature of the old Georgian houses in this historic thoroughfare, he would lose to the extent of a shilling. He peered forward through the semi-darkness as he neared the door of his offices.
While I stood gazing in gloomy silence at the depressing surroundings Andrews, less speculative and more practical, saw a good-sized pine stump near by, which had so much of the earth washed away from it that it looked as if it could be readily pulled up.
The second class comprehended spirits of a nobler mould: It embraced the speculative enthusiasts, whom the love of fame and of truth urged onward, in a fruitless research, and those great lights of knowledge and of virtue, who, while they stood forward as the landmarks of the age which they adorned, had neither the intellectual nor the moral courage to divest themselves of the supernatural radiance with which the ignorance of the vulgar had encircled them.
Sir Austin persisted in his habitual air of speculative repose. Remote as he appeared from vulgar anxiety, he was the first to speak and betray his state. "Pray, put up that watch. Impatience serves nothing," he said, half-turning hastily to his brother behind him. Hippias relinquished his pulse and mildly groaned: "It's no nightmare, this!"
They were all young together, allowing for three or four notable, by which I mean far from the least responsive, exceptions; they were all fresh and free and acute and aware and in "the world," when not out of it; all together at the high speculative, the high talkative pitch of the initiational stage of these latest years, the informed and animated, the so consciously non-benighted, geniality of which was to make him the clearest and most projected poetic case, with the question of difficulty and doubt and frustration most solved, the question of the immediate and its implications most in order for him, that it was possible to conceive.
He was frank and friendly, wholly unlike the timber brokers and millmen Hollister had lately encountered. "The fact is," Carr said after some discussion, "we aren't in the market for timber in the ordinary, speculative sense. I happen to know that particular stand of cedar, or I wouldn't be interested.
Henri Lacoste, it is true, had hidden his intentions, but when news of the marriage reached the ears of brother Philibert that brother was so delighted that he destroyed the will which disinherited Henri. It was thus right to say that Euphemie became the benefactor of her husband. Where was the speculative marriage on the part of Euphemie that the prosecution talked about?
ASHLAR, PERFECT. A stone that has been hewed, squared, and polished, so as to be fit for use in the building. Masonically, it is a symbol of the state of perfection attained by means of education. And as it is the object of Speculative Masonry to produce this state of perfection, it may in that point of view be also considered as a symbol of the social character of the institution of Freemasonry.
In the Republic, he sets forth his political views, and sketches the ideal state. More speculative than Socrates, Plato, from the wide range of his discussions, from their poetic spirit as well as their depth of thought, not less than their beauty of style, is one of the most inspiring and instructive of all authors.
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