"I am not going to enter into this chapter, but you all know that this which is called—I do not much like the name, but I confess I have not a better name—"State Socialism" is what has protected us from revolutionary socialism, which is much a worse thing. Probably a considerable portion of this audience consists of men who live on weekly wages; but I ask you not to rush at the first thing that is offered you, not to believe that because a thing sounds very pleasant—like compulsory reduction, for example, of the hours of labour—do not be quite sure until you have looked round it that it may not end in leaving your condition worse than it found it. I should deplore the advance of State Socialism, though I believe much may be hoped from it. I should regard it as a great disaster, the greatest disaster that could befall this great population, if it did anything to take away your self-reliance, the control of the individual over his own appetites and passions, his own idleness and self-indulgence, and make you look to anything but self-reliance. This, in the long run, would do more harm than good."

“It is not enough to do good; one must do it the right way.”

“In my creed, waste of public money is like the sin against the Holy Ghost.”

“Do let us try to give a national, not a class tone to English politics .”

“I should like to have been there if only to have got up and said, “If Mr. G.'s Home Rule Bill had been passed 30 years ago could Ireland have been worse than it is now? Would it not have been better?” And then fallen dead like Lord Chatham.”

“Should they, whose forefathers would not endure the tyranny and misgovernment of kings, submit to the oppression and stupidity of peers? The presence of an hereditary Chamber, which was, in fact, not much more at this moment than a Tory club with the power of unlimited veto in a free Government, was nothing more than a very bad practical joke. ... That great pile of Durham Cathedral had stood for eight centuries. Many a struggle had it witnessed in all these long years between feudalism and humanity, between the privileged few and the toiling multitude. In spite of many a gloomy hour the cause of humanity had conquered; it was conquering still, and if they were true to one another before many months were past they would have added another and a most glorious victory to those achievements of the past.”

“Present party designations have become empty of all contents...Vastly extended State expenditure, vastly increased demands from the taxpayer who has to provide the money, social reform regardless of expense, cash exacted from the taxpayer already at his wits' end—when were the problems of plus and minus more desperate? How are we to measure the use and abuse of industrial organization? Powerful orators find "Liberty" the true keyword, but the I remember hearing from a learned student that of "liberty" he knew well over two hundred definitions. Can we be sure that the "haves" and the "have-nots" will agree in their selection of the right one? We can only trust to the growth of responsibility; we may look to circumstances and events to teach their lesson.”