If the people lose control of the arteries of trade and the natural sources of mechanical power, the nationalization of all industry should soon be expected. Our forefathers were alert to resist all encroachments upon their rights. If we wish to maintain our rights, we can do no less.

Knowledge comes, but wisdom lingers. It may not be difficult to store up in the mind a vast quantity of facts within a comparatively short time, but the ability to form judgments requires the severe discipline of hard work and the tempering heat of experience and maturity.

Mass demand has been created almost entirely through the development of advertising.

Under our institutions the only way to perfect the Government is to perfect the individual citizen. It is necessary to reach the mind and soul of the individual. I know of no way that this can be done save through the influence of religion and education. By religion I do not mean fanaticism or bigotry; by education I do not mean the cant of the schools, but a broad and tolerant faith, loving thy neighbor as thyself, and a training and experience that enables the human mind to see into the heart of things.

Restricted immigration is not an offensive but purely a defensive action. It is not adopted in criticism of others in the slightest degree, but solely for the purpose of protecting ourselves. We cast no aspersions on any race or creed, but we must remember that every object of our institutions of society and government will fail unless America be kept American.

We are too solicitous for government intervention, on the theory, first, that the people themselves are helpless, and second, that the Government has superior capacity for action. Often times both of these conclusions are wrong.

There has been abroad many times some criticism of our Government, of our people, and our ways, but that has demonstrated, I think, that when they are in real trouble and real difficulty over there, they turn to us as a nation that will be fair with them--one in whose judgment and in whose character they can rely; and that not withstanding differences that have seemed to exist, they are willing to abide by the faith that they have in us, and I think that is a very substantial accomplishment.