It is a false doctrine that labor must assume all management. Those best suited for management must manage, whatever may lie their source. Every indu… - Calvin Coolidge

The course of our country in recent years has been an example of these principles. We have avoided entanglements by reserving to our own decision when and how we should help. We have not failed to help. We have contributed hundreds of millions of dollars to foreign charities. We have given freely of our counsel to the settlement of difficulties in Latin America and the adjustment of war problems in Europe. We are still pursuing that course. It has been a practical course, and it has secured practical results. One of these most important results is found in the disarmament treaties, which have saved our own country to date about $300,000,000, and likewise relieved other nations. Another important result has been the adoption of the Dawes plan for the settlement of reparations. The effect these will have in averting war and promoting peace cannot possibly be overestimated. They stand out as great monuments, truly directing the course of men along the way to more civilization, more enlightenment, and more righteousness. They appear to me properly to mark the end of the old order, and the beginning of a new era. We hope they are the end of aggressive war and the beginning of permanent peace.

This is the day on which the American people each year acknowledged that they have such a debt. It has been set aside that a grateful Nation may do fitting honor to the memory of those who have made the greatest and most voluntary contribution to it. Here about us, in this place of beauty and reverence, lies the mortal dust of a noble host, to whom we have come to pay our tribute, as thousands of other like gatherings will do throughout our land. In their youth and strength, their love and loyalty, those who rest here gave to their country all that mortality can give. For what they sacrificed we must give back the pledge of faith to all that they held dear, constantly renewed, constantly justified. Doing less would betray them and dishonor us.

Duty is collective as well as personal. Law must rest on the eternal foundations of righteousness. Industry, thrift, character, cannot be conferred by act or resolve. Government cannot relieve from toil. Do the day's work. If it be to protect the rights of the weak — whoever objects — do it. If it be to help a powerful corporation better to serve the people, whatever the opposition, do that. Expect to be called a stand patter, but don't be a stand patter. Expect to be called a demagogue, but don't be a demagogue. We need a broader, firmer, deeper faith in the people, a faith that men desire to do right, that the government is founded upon a righteousness which will endure.