“Enq: The S.P.R. now denies completely the existence of the Mahatmas. They say that from the beginning to end they were a romance which Madame Blavatsky has woven from her own brain?
Theo: Well, she might have done many things less clever than this. At any rate, we have not the slightest objection to this theory. As she always says now, she almost prefers that people should not believe in the Masters. She declares openly that she would rather people should seriously think that the only Mahatmaland is the grey matter of her brain, and that, in short, she has evolved them out of the depths of her own inner consciousness, than their names and grand ideal should be so infamously desecrated as they are at present.
At first she used to protest indignantly against any doubts as to their existence. Now she never goes out of her way to prove or disprove it. Let people think what they like.
Enq: But of course, these Masters do exist?
Theo: We affirm they do. Nevertheless, this does not help much. Many people, even some Theosophists and ex-Theosophists, say that they have never had any proof of their existence. Very well; then Mme. Blavatsky replies with this alternative:
– If she has invented them, then she has also invented their philosophy and the practical knowledge which some few have acquired; and if so, what does it matter whether they do exist or not, since she herself is here, and her own existence, at any rate, can hardly be denied?
If the knowledge supposed to have been imparted by them is good intrinsically, and it is accepted as such by many persons of more than average intelligence, why should there be such a hullabaloo made over that question?
The fact of her being an imposter has never been proved, and will always remain sub judice; whereas it is a certain and undeniable fact that, by whomsoever invented, the philosophy preached by the “Masters” is one of the grandest and most beneficent philosophies once it is properly understood.
Thus the slanderers, while moved by the lowest and meanest feelings – those of hatred, revenge, malice, wounded vanity, or disappointed ambition – seem quite unaware that they are paying the greatest tribute to her intellectual powers. So be it, if the poor fools will have it so.
Really, Mme. Blavatsky has not the slightest objection to being represented by her enemies as a triple Adept, and a “Mahatma” to boot. It is only her unwillingness to pose in her own sight as a crow parading in peacock’s feathers that compels her to this day to insist upon the truth.”
H. P. Blavatsky
The Mark Of God: Understanding Your "I AM Presence" 