William James is saying that there are two ways that faith exists in truth: the absolutist way of believing truth seems to be the way that scientists would attain truth. They would have a hypothesis and have faith in their hypothesis, knowing that it will work. Then they would conduct experiments to support their hypotheis and prove that they were right. The experiment matching the hypothesis is reassuring that they know for certain.
James also talks about moral questions, options for religion, and the rule of thinking. Next he describes what prgamatism is: common sense things or general concrete things that are true.
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