He was never happier--except when birds'-nesting or romping with young people--than when he was in an arm-chair working out with pencil and paper some problem of administration which involved enormous figures.

He would sit up to the small hours of the morning over his work, and would come down to breakfast radiant with happiness, bursting with energy, exclaiming, "I had a glorious time last night!" Certainly he would have brought to the Treasury an original mind, and a mind, moreover, profoundly acquainted with the activities of trade and commerce--those important factors in national finance which appear to cut so small a figure in the minds of bankers and officials.
Although a rather dull speaker, few men of my acquaintance were more lucid and convincing in conversation, particularly when he addressed a sympathetic mind.

This was notably the case when he was unfolding his ideas on the conflicting theories of Individualism and Socialism.

If his conversations on this head could be printed in a book they would make difficult work even for the most ingenious apologists of Socialism.

He was persuaded that no theory of Socialism could be put into successful practice without involving the loss of personal freedom, and that without Individualism there would be no initiative, no audacity, and no creative energy in the development of an industry.