There is ample work for all in this country provided all will work. The problem of unemployment is aggravated, not wholly by the alien knocking at ou… - Calvin Coolidge

Excellent poetry, but not a good working philosophy. Goldsmith would have been right, if, in fact, the accumulation of wealth meant the decay of men. It is rare indeed that the men who are accumulating wealth decay. It is only when they cease production, when accumulation stops, that an irreparable decay begins. Wealth is the product of industry, ambition, character and untiring effort. In all experience, the accumulation of wealth means the multiplication of schools, the increase of knowledge, the dissemination of intelligence, the encouragement of science, the broadening of outlook, the expansion of liberties, the widening of culture. Of course, the accumulation of wealth cannot be justified as the chief end of existence. But we are compelled to recognize it as a means to well-nigh every desirable achievement. So long as wealth is made the means and not the end, we need not greatly fear it. And there never was a time when wealth was so generally regarded as a means, or so little regarded as an end, as today. Just a little time ago we read in your newspapers that two leaders of American business, whose efforts at accumulation had been most astonishingly successful, had given fifty or sixty million dollars as endowments to educational works. That was real news. It was characteristic of our American experience with men of large resources. They use their power to serve, not themselves and their own families, but the public. I feel sure that the coming generations, which will benefit by those endowments, will not be easily convinced that they have suffered greatly because of these particular accumulations of wealth.

From every position of consistency with our system, more centralization ought to be avoided. The States would protest, promptly enough, anything savoring of Federal usurpation. Their protection will lie in discharging the full obligations that have been imposed on them. Once the evasion of local responsibilities becomes a habit, there is no knowing how far the consequences may reach. Every step in such a progression will be unfortunate alike for States and Nation. The country needs, in grappling with the manifold problems of these times, all the courage, intelligence, training, and skill that can be enlisted in both State and national administrations.

As a Nation, our first duty must be to those who are already our inhabitants, whether native or immigrants. To them we owe an especial and a weighty obligation. They came to us with stout hearts and high hopes of bettering their estate. They have contributed much to making our country what it is. They magnificently proved their loyalty by contributing their full part when the war made demand for sacrifices by all Americans.