The words of a President have an enormous weight and ought not to be used indiscriminately. - Calvin Coolidge

Democracy is not a tearing down; it is a building up. It is not denial of the divine right of kings; it supplements that same with the assertion of the divine right of all men. It does not destroy; it fulfills. It is the consummation of all theories of government, the spirit of which all the nations of the earth must yield. It is the great constructive course of the ages. It is the alpha and omega of man's relation to man, the beginning and the end. There is, and can be, no more doubt of the triumphs of democracy in human affairs than there is of the triumph of gravitation in the physical world. The only question is how and when. Its foundation lays hold upon eternity. It is unconcerned with the idolatry, or despotism, or treason, or rebellion, or betrayal, but bows in reverence before Moses, or Hamden, or Washington, or Lincoln, or the lights that shone on Calvary.

The accomplishments of the colored people in the United States, in the brief historic period since they were brought here from the restrictions of their native continent, can not but make us realize that there is something essential in our civilization which gives it a special power. I think we shall be able to agree that this particular element is the Christian religion, whose influence always and everywhere has been a force for the illumination and advancement of the peoples who have come under its sway.

The next most pressing problem was the better ordering of the finances of the Nation. Our Government was costing almost more than it was worth. It had more people on the pay roll than were necessary, all of which made expenses too much and taxes too high. This inflated condition contributed to the depression which began in 1920. But the Government expenditures have been almost cut in two, taxes have been twice reduced, and the incoming Congress will provide further reductions. Deflation has run its course and an era of business activity and general prosperity, exceeding anything ever before experienced in this country and fairly well distributed among all our people, is already at hand.