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Sagt Hanschen Schlau zu Vetter Fritz,
“Wie kommt es, Vetter Fritzen,
Dass grad’ die Reichsten in der Welt,
Das meiste Geld besitzen?”

Hanschen Schlau here treats the principle ‘wealth’ as something distinct from the facts denoted by the man’s being rich. It antedates them; the facts become only a sort of secondary coincidence with the rich man’s essential nature.

In the case of ‘wealth’ we all see the fallacy. We know that wealth is but a name for concrete processes that certain men’s lives play a part in, and not a natural excellence found in Messrs. Rockefeller and Carnegie, but not in the rest of us.

Like wealth, health also lives in rebus. It is a name for processes, as digestion, circulation, sleep, etc., that go on happily, tho in this instance we are more inclined to think of it as a principle and to say the man digests and sleeps so well BECAUSE he is so healthy.

With ‘strength’ we are, I think, more rationalistic still, and decidedly inclined to treat it as an excellence pre-existing in the man and explanatory of the herculean performances of his muscles.

With ‘truth’ most people go over the border entirely, and treat the rationalistic account as self-evident. But really all these words in TH are exactly similar. Truth exists ante rem just as much and as little as the other things do.

The scholastics, following Aristotle, made much of the distinction between habit and act. Health in actu means, among other things, good sleeping and digesting. But a healthy man need not always be sleeping, or always digesting, any more than a wealthy man need be always handling money, or a strong man always lifting weights. All such qualities sink to the status of ‘habits’ between their times of exercise; and similarly truth becomes a habit of certain of our ideas and beliefs in their intervals of rest from their verifying activities. But those activities are the root of the whole matter, and the condition of there being any habit to exist in the intervals.

‘The true,’ to put it very briefly, is only the expedient in the way of our thinking, just as ‘the right’ is only the expedient in the way of our behaving. Expedient in almost any fashion; and expedient in the long run and on the whole of course; for what meets expediently all the experience in sight won’t necessarily meet all farther experiences equally satisfactorily. Experience, as we know, has ways of BOILING OVER, and making us correct our present formulas.

The ‘absolutely’ true, meaning what no farther experience will ever alter, is that ideal vanishing-point towards which we imagine that all our temporary truths will some day converge. It runs on all fours with the perfectly wise man, and with the absolutely complete experience; and, if these ideals are ever realized, they will all be realized together. Meanwhile we have to live to-day by what truth we can get to-day, and be ready to-morrow to call it falsehood. Ptolemaic astronomy, euclidean space, aristotelian logic, scholastic metaphysics, were expedient for centuries, but human experience has boiled over those limits, and we now call these things only relatively true, or true within those borders of experience. ‘Absolutely’ they are false; for we know that those limits were casual, and might have been transcended by past theorists just as they are by present thinkers.

When new experiences lead to retrospective judgments, using the past tense, what these judgments utter WAS true, even tho no past thinker had been led there. We live forwards, a Danish thinker has said, but we understand backwards. The present sheds a backward light on the world’s previous processes. They may have been truth-processes for the actors in them. They are not so for one who knows the later revelations of the story.

This regulative notion of a potential better truth to be established later, possibly to be established some day absolutely, and having powers of retroactive legislation, turns its face, like all pragmatist notions, towards concreteness of fact, and towards the future. Like the half-truths, the absolute truth will have to be MADE, made as a relation incidental to the growth of a mass of verification-experience, to which the half-true ideas are all along contributing their quota.