While North Carolina has the honor of first authorizing its delegates to concur with other Colonies in declaring independence, it was quickly followe… - Calvin Coolidge

Looking back only a few years, we appreciate how rapid has been the progress of the colored people on this continent. Emancipation brought them the opportunity of which they have availed themselves. It has been calculated that in the first year following the acceptance of their status as a free people, there were approximately 4,000,000 members of the race in this country, and that among these only 12,000 were the owners of their homes; only 20,000 among them conducted their own farms, and the aggregate wealth of these 4,000,000 people hardly exceeded $20,000,000. In a little over a half century since, the number of business enterprises operated by colored people had grown to near 50,000, while the wealth of the Negro community has grown to more than $1,100,000,000. And these figures convey a most inadequate suggestion of the material progress. The 2,000 business enterprises which were in the hands of colored people immediately following emancipation were almost without exception small and rudimentary. Among the 50,000 business operations now in the hands of colored people may be found every type of present-day affairs. There are more than 70 banks conducted by thoroughly competent colored business men. More than 80 percent of all American Negroes are now able to read and write. When they achieved their freedom not 10 percent were literate. There are nearly 2,000,000 Negro pupils in the public schools; well-nigh 40,000 Negro teachers are listed, more than 3,000 following their profession in normal schools and colleges. The list of educational institutions devoting themselves to the race includes 50 colleges, 13 colleges for women, 26 theological schools, a standard school of law, and 2 high-grade institutions of medicine. Through the work of these institutions the Negro race is equipping men and women from its own ranks to provide its leadership in business, the professions, in all relations of life.

There are other proposals before Congress for amending the transportation acts. One of these contemplates a revision of the method of valuation for rate-making purposes to be followed by a renewed valuation of the railways. The valuations instituted by the Interstate Commerce Commission 10 years ago have not yet been completed. They have cost the Government an enormous sum, and they have imposed great expenditure upon the railways, most of which has in effect come out of the public in increased rates. This work should not be abandoned or supplanted until its results are known and can be considered.

It can safely be assumed that self-interest will always place sufficient emphasis on the business side of newspapers, so that they do not need any outside encouragement for that part of their activities. Important, however, as this factor is, it is not the main element which appeals to the American people. It is only those who do not understand our people, who believe that our national life is entirely absorbed by material motives. We make no concealment of the fact that we want wealth, but there are many other things that we want very much more. We want peace and honor, and that charity which is so strong an element of all civilization. The chief ideal of the American people is idealism. I cannot repeat too often that America is a nation of idealists. That is the only motive to which they ever give any strong and lasting reaction. No newspaper can be a success which fails to appeal to that element of our national life. It is in this direction that the public press can lend its strongest support to our Government. I could not truly criticize the vast importance of the counting room, but my ultimate faith I would place in the high idealism of the editorial room of the American newspaper.