It is not so much then for the purpose of undertaking to proclaim new theories and principles that this annual celebration is maintained, but rather … - Calvin Coolidge

Such a condition will likewise give opportunity to devote our surplus wealth, not to the payment of high taxes, but to the financing of the needs of other nations. Our country has already through private sources recognized the requirements in this direction and has made large advances to foreign governments and foreign enterprises for the purpose of reestablishing their public credit and their private industry.

But if we are to maintain our position of understanding and good will with the nations abroad, we must continue to maintain the same sentiments at home. We are situated differently in this respect from any other country. All the other great powers have a comparatively homogeneous population, close kindred in race and blood and speech, and commonly little divided in religious beliefs. Our great Nation is made up of the strong and virile pioneering stock of nearly all the countries of the world. We have a variety of race and language and religious belief. If any of these different peoples fall into disfavor among us, there comes a quick reaction against the rest of us from the relatives and friends in their place of origin which affects the public sentiment of that country, even though it may not be actually expressed in the official actions of their Government. Such misunderstandings interfere with our friendly relations, are harmful to our trade, and retard the general progress of civilization. We all subscribe to the principle of religious liberty and toleration and equality of rights. This principle is in accordance with the fundamental law of the land. It is the very spirit of the American Constitution. We all recognize and admit that it ought to be put into practical operation. We know that every argument of right and reason requires such action.

Howard University is but one of the many institutions which have grown up in this country, dedicated to this purpose of preserving one of the races of men and fitting it for its largest usefulness. Here is a people adapted, as most people are not, to life in the tropics. They are capable of redeeming vast luxuriant areas of unexampled productivity, and of reclaiming them for the sustenance of mankind and the increasing security of the human community. It is a great destiny, to which we may now look forward with confidence that it will be fully realized.