I suppose it is with national as with private wealth. If a man keeps what he gains, he is duly grateful to fortune; if he loses it by his own imprudence, he loses along with it the sense of gratitude. So in national affairs, those who fail to use their opportunities aright, fail also to acknowledge the good that the gods have given; for every advantage in the past is judged in the light of the final issue. It is therefore our duty, men of Athens, to keep a careful eye on the future, that by restoring our prosperity we may efface the discredit of the past.

But if we leave these men too in the lurch, Athenians, and then Olynthus is crushed by Philip, tell me what is to prevent him from marching henceforward just where he pleases. I wonder if any one of you in this audience watches and notes the steps by which Philip, weak at first, has grown so powerful. First he seized Amphipolis, next Pydna, then Potidaea, after that Methone, lastly he invaded Thessaly.

Then having settled Pherae, Pagasae, Magnesia, and the rest of that country to suit his purposes, off he went to Thrace, and there, after evicting some of the chiefs and installing others, he fell sick. On his recovery, he did not relapse into inactivity, but instantly assailed Olynthus. His campaigns against Illyrians and Paeonians and King Arybbas and any others that might be mentioned, I pass over in silence.