Calvin Coolidge Quotes

Foreign debts. About $12,000,000,000 is due to our Government from abroad, mostly from European governments. Great Britain, Finland, Hungary, Lithuania and Poland have negotiated settlements amounting close to $5,000,000,000. This represents the funding of over 42 per cent of the debt since the creation of the special Foreign Debt Commission. As the life of this commission is about to expire, its term should be extended. I am opposed to the cancellation of these debts and believe it for the best welfare of the world that they should be liquidated and paid as fast as possible. I do not favor oppressive measures, but unless money that is borrowed is repaid credit can not be secured in time of necessity, and there exists besides a moral obligation which our country can not ignore and no other country can evade. Terms and conditions may have to conform to differences in the financial abilities of the countries concerned, but the principle that each country should meet its obligation admits of no differences and is of universal application.

For those who are the inheritors of a noble estate and a high place in the world, it is a good thing to pause at intervals and consider by what favor of fortune and of ancestry their lines have fallen in such pleasant places. Thus to meditate upon that course of events, which has given them what they have and made them what they are, will tend to remind them how great is their debt and how little is their share of merit.

But in cherishing all that is best in the land of your origin, and in desiring the highest welfare of the people of the old home, the question arises as to how that result can best be secured. I know that there is no better American spirit than that which is exhibited by many of those who have recently come to our shores.

There are other proposals before Congress for amending the transportation acts. One of these contemplates a revision of the method of valuation for rate-making purposes to be followed by a renewed valuation of the railways. The valuations instituted by the Interstate Commerce Commission 10 years ago have not yet been completed. They have cost the Government an enormous sum, and they have imposed great expenditure upon the railways, most of which has in effect come out of the public in increased rates. This work should not be abandoned or supplanted until its results are known and can be considered.

We have at hand these great resources and great opportunities. They can not be utilized to their fullest extent without careful organization and methodical purpose. Our youth need instruction in how to play as much as they do in how to work. There are those who are engaged in our industries who need an opportunity for outdoor life and recreation no less than they need opportunity of employment. Side by side with the industrial plant should be the gymnasium and the athletic field. Along with the learning of a trade by which a livelihood is to be earned should go the learning of how to participate in the activities of recreation, by which life is made not only more enjoyable, but more rounded out and complete. The country needs instruction in order that we may better secure these results.

It is my belief that action under this section should be suspended until the Congress can reconsider the entire question in the light of the experience that has been developed since its enactment.

Though the war ended forever the possibility of disunion, there still remain problems between State and Federal authority. There are divisions of interest, perhaps more apparent than real, among geographical sections or social groups. The seaboard thinks it has interests in maritime transportation and overseas commerce which differ greatly from those of the interior, which is peculiarly dependent upon railroads. Difference in climate and physical conditions throughout so great a territory tend to varied social habits and modes of living which react upon the economic and political attitudes. The industrial development of some sections contrasts with the agricultural character of others. Obviously, these differences give rise to many problems in government, which must always be recognized. But it is hardly conceivable that a really menacing contest between the sovereignty of the States and of the Union could ever again arise.

We live in an age of science and abounding accumulation of material things. These did not create the Declaration. Our Declaration created them. The things of the spirit come first. Unless we cling to that, all of our material prosperity, overwhelming though it may appear, will turn to a barren scepter in our grasp. If we are to maintain the great heritage bequeathed to us, we must be like minded as the Founders who created. We must not sink into a pagan materialism. We must cultivate the reverence which they had and for the things that are holy. We must follow the spiritual and moral leadership which they showed. We must keep replenished, that they may glow with a more compelling flame, the altar fires before which they worshipped.

These are points to consider when we put our house in order for the advancing hordes of aliens. Experience has taught us to have faith in the bulk of our people. The great decisions in American history have always been right. The heart of the nation is sound and must be kept sound. It is a characteristic of ours that we are ashamed not to be right. I believe that our present concern about immigration is a fear that we will not be able to protect ourselves and at the same time discharge our obligations.

It was on account of past depression, and in spite of present more encouraging conditions, that I have assembled an Agricultural Conference made up of those who are representative of this great industry in both its operating and economic sides. Everyone knows that the great need of the farmers is markets. The country is not suffering on the side of production. Almost the entire difficulty is on the side of distribution. This reaches back, of course, to unit costs and diversification, and many allied subjects. It is exceedingly intricate, for our domestic and foreign trade, transportation and banking, and in fact our entire economic system, are closely related to it. In time for action at this session, I hope to report to the Congress such legislative remedies as the conference may recommend. An appropriation should be made to defray their necessary expenses.

Very little danger exists of an open and avowed assault upon the principle of individual freedom. It is more likely to be in peril indirectly perhaps from the avowed intention of protecting it or enlarging it. Out of a long experience with many tyrannies abroad and a weak and inefficient government at home, the Constitution of the United States was adopted and ratified. The people who largely contributed to the early settlement of America came to escape the impositions of despotic kings. Many of the early inhabitants were separatists from the established church. They fled under the threat of the English King, that he would make them conform or harry them out of the land. Their descendants fought the Revolutionary war in order that they might escape the impositions of a despotic parliament.

Civilization depends not only upon the knowledge of the people, but upon the use they make of it. If knowledge be wrongfully used, civilization commits suicide. Broadly speaking, the college is not to educate the individual, but to educate society. The individual may be ignorant and vicious. If society have learning and virtue, that will sustain him. If society lacks learning and virtue, it perishes. Education must give not only power but direction. It must minister to the whole man or it fails.

The spirit of America is to help everybody and injure nobody. We can be in a position to help only by unifying the American nation, building it up, making it strong, keeping it independent, using its inclination to help and its disclination to injure. Those who cast in their lot with this country can be true to the land of their origin only by first being true to America. When the public sees and realizes that racial groups here are first of all devoted to the interests of this country, there will be little difficulty in securing here the present needed help and assistance for the countries of the old world.