The like effects of the like causes are to be seen in the American colleges and universities, where business principles have supplanted the pursuit of learning, and where the commercialisation of aims, ideals, tastes, occupations and personnel is following much the same lines that have led so many of the country towns effectually outside the cultural pale.

The American university or college is coming to be an outlier of the price-system, in point of aims, standards and personnel; hitherto the tradition of learning as a trait of civilisation, as distinct from business, has not been fully displaced, although it is now coming to face the passage of the minimal dose.

The like, in a degree, is apparently true latterly for many English, and still more evidently for many German schools.
In these various instances of what may be called dry-rot or local blight on the civilised world's culture the decline appears to be due not to a positive infection of a malignant sort, so much as to a failure of the active cultural ferment, which has fallen below the critical point of efficacy; perhaps through an unintended refusal of a livelihood to persons given over to cultivating the elements of civilisation; perhaps through the conventional disallowance of the pursuit of any other ends than competitive gain and competitive spending.

Evidently it is something much more comprehensive in this nature that is reasonably to be looked for under the prospective regime of peace, in case the price-system gains that farther impetus and warrant which it should come in for if the rights of ownership and investment stand over intact, and so come to enjoy the benefit of a further improved state of the industrial arts and a further enlarged scale of operation and enhanced rate of turnover.
* * * * * To turn back to the point from which this excursion branched off.

It has been presumed all the while that the technological equipment, or the state of the industrial arts, must continue to advance under the conditions offered by this regime of peace at large.