Our Constitution has raised certain barriers against too hasty change. I believe such provision is wise. I doubt if there has been any change that ha… - Calvin Coolidge

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.

This, of course, is the special field of usefulness for colored men and women who find the opportunity to get adequate education. Their own people need their help, guidance, leadership, and inspiration. Those of you who are fortunate enough to equip yourselves for these tasks have a special responsibility to make the best use of great opportunities. In a very special way it is incumbent upon those who are prepared to help their people to maintain the truest standards of character and unselfish purpose. The Negro community of America has already so far progressed that its members can be assured that their future is in their own hands. Racial hostility, ancient tradition, and social prejudice are not to be eliminated immediately or easily, but they will be lessened as the colored people by their own efforts and under their own leaders shall prove worthy of the fullest measure of opportunity.

Our national history has presented various phases of this problem. Slavery showed one; the complexities of interstate commerce have kept others constantly in mind. On the day the Constitution was finished, probably more people would have seen seeds of conflict and dangers to the Union in future commercial relations than in slavery. But commerce became a source of strength, while slavery be- came a cause of division. It brought the Union into danger; and in the end was destroyed itself. Where there was sincere acceptance of the dual sovereignty theory, where the States sought to do their full part, and accepted the de- terminations of the National Government as to the rest, the plan worked. Where the States sought more from the Federal authority than it could give, and resisted national demands — then came dissension and, at length, war.