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" "I am hopeful that the conference can coordinate our national resources and opportunities in a way better to serve this purpose. It is by no means intended that there should be any suggestion of Federal domination in these activities. Necessarily they are largely local and individual, and to be helpful they must always be spontaneous. But this conference can be of great aid by making something of an inventory of our national resources and opportunities and determining how these may best be put to the most desirable use, and, further, by exchanging ideas, create new interests and open to view new fields.
John Calvin Coolidge Jr. (4 July 1872 – 5 January 1933) was the 30th president of the United States (1923–29). A Republican lawyer from Vermont, Coolidge worked his way up the ladder of Massachusetts state politics, eventually becoming governor of that state. His response to the Boston Police Strike of 1919 thrust him into the national spotlight and gave him a reputation as a man of decisive action. Soon after, he was elected as the 29th vice president in 1920 and succeeded to the presidency upon the sudden death of Warren G. Harding in 1923. Elected in his own right in 1924, he gained a reputation as a small-government conservative.
Biography information from Wikiquote
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His mortal frame has vanished, but his spirit increases with the increasing years the richest legacy of the greatest century. Men show by what they worship what they are. It is no accident that before the great example of American manhood, our people stand with respect and reverence. In Abraham Lincoln is revealed our ideal; the hope of our country fulfilled. He was the incarnation of what America was to be. Through him, the Almighty bestowed upon the nation a new birth of freedom that this dear land of ours might be returned to the health of its fathers.
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Undoubtedly one of the most important provisions in the preparation for national defense is a proper and sound selective service act. Such a law ought to give authority for a very broad mobilization of all the resources of the country, both persons and materials. I can see some difficulties in the application of the principle, for it is the payment of a higher price that stimulates an increased production, but whenever it can be done without economic dislocation such limits ought to be established in time of war as would prevent so far as possible all kinds of profiteering. There is little defense which can be made of a system which puts some men in the ranks on very small pay and leaves others undisturbed to reap very large profits. Even the income tax, which recaptured for the benefit of the National Treasury alone about 75 per cent of such profits, while local governments took part of the remainder, is not a complete answer. The laying of taxes is, of course, in itself a conscription of whatever is necessary of the wealth of the country for national defense, but taxation does not meet the full requirements of the situation. In the advent of war, power should be lodged somewhere for the stabilization of prices as far as that might be possible in justice to the country and its defenders.