Another matter before the Congress is legislation affecting the labor sections of the transportation act. Much criticism has been directed at the wor… - Calvin Coolidge

Foreign debts. About $12,000,000,000 is due to our Government from abroad, mostly from European governments. Great Britain, Finland, Hungary, Lithuania and Poland have negotiated settlements amounting close to $5,000,000,000. This represents the funding of over 42 per cent of the debt since the creation of the special Foreign Debt Commission. As the life of this commission is about to expire, its term should be extended. I am opposed to the cancellation of these debts and believe it for the best welfare of the world that they should be liquidated and paid as fast as possible. I do not favor oppressive measures, but unless money that is borrowed is repaid credit can not be secured in time of necessity, and there exists besides a moral obligation which our country can not ignore and no other country can evade. Terms and conditions may have to conform to differences in the financial abilities of the countries concerned, but the principle that each country should meet its obligation admits of no differences and is of universal application.

The first duty of a government is to be true to itself. This does not mean perfection, it means a plan to strive for perfection. It means loyalty to ideals. The ideals of America were set out in the Declaration of Independence and adopted in the Constitution. They did not represent perfection at hand, but perfection found. The fundamental principle was freedom. The fathers knew that this was not yet apprehended. They formed a government firm in the faith that it was ever to press toward this high mark. In selfishness, in greed, in lust for gain, it turned aside. Enslaving others, it became itself enslaved. Bondage in one part consumed freedom in all parts. The government of the fathers, ceasing to be true to itself, was perishing. Five score and ten years ago, that divine providence which infinite repetition has made only the more a miracle, sent into the world a new life destined to save a nation. No star, no sign foretold his coming. About his cradle all was poor and mean, save only the source of all great men, the love of a wonderful woman. When she faded away in his tender years from her deathbed in humble poverty, she endowed her son with greatness. There can be no proper observance of a birthday which forgets the mother. Into his origin, as into his life, men long have looked and wondered. In wisdom great, but in humility greater, in justice strong, but in compassion stronger, he became a leader of men by being a follower of the truth. He overcame evil with good. His presence filled the nation. He broke the might of oppression. He restored a race to its birthright.

There is no right to strike against the public safety by anybody, anywhere, any time.