Your gatherings are a living testimony of a determination to support these principles. It would be impossible to come into this presence, which is a … - Calvin Coolidge

When I have contemplated these adjustments of business and editorial policy, it has always seemed to me that American newspapers are peculiarly representative of the practical idealism of our country. Quite recently the construction of a revenue statute resulted in giving publicity to some highly interesting facts about incomes. It must have been observed that nearly all the newspapers published these interesting facts in their news columns, while very many of them protested in their editorial columns that such publicity was a bad policy. Yet this was not inconsistent. I am referring to the incident by way of illustrating what I just said about the newspapers representing the practical idealism of America. As practical newsmen they printed the facts. As editorial idealists they protested that there ought to be no such facts available.

Intelligence is given every wise opportunity to develop. Unfortunate if it is overclouded by class consciousness. If labor's fear of immigration is only a way of asserting, in an organized plea, labor's right to monopoly, it must be remembered that such an attitude has never been successful, and will not be successful in this case. There are those who leach the laborer that the fewer hours he works, the better off he is. In order to maintain that belief, they have attempted, through organization, to dictate to government. This attitude is against public conscience, against the working of economic law. There was a time, in our country's history, when we believed that leisure meant opportunity. But educated people soon found that opportunity lay not in leisure but in effort; so they went to work. The ideal for rich and poor alike is that any one, through honest effort, may assume and secure any position for which he is fitted.

In a conflict which engaged all the major nations of the earth and lasted for a period exceeding four years, there could be no expectation of material gains. War in its very essence means destruction. Never before were contending peoples so well equipped with every kind of infernal engine calculated to spread desolation on land and over the face of the deep. Our country is only but now righting itself and beginning a moderate but steady recovery from the great economic loss which it sustained. That tremendous debt must be liquidated through the laborious toil of our people. Modern warfare becomes more and more to mean utter loss, destruction, and desolation of the best that there is of any people, its valiant youth and its accumulated treasure. If our country secured any benefit, if it met with any gain, it must have been in moral and spiritual values. It must be not because it made its fortune but because it found its soul. Others may disagree with me, but in spite of some incidental and trifling difficulties it is my firm opinion that America has come out of the war with a stronger determination to live by the rule of righteousness and pursue the course of truth and justice in both our domestic and foreign relations. No one can deny that we have protected the rights of our citizens, laid a firmer foundation for our institutions of liberty, and made our contribution to the cause of civilization and humanity. In doing all this we found that, though of many different nationalities, our people had a spiritual bond. They were all Americans.