Poverty is a bitter thing; but it is not as bitter as the existence of restless vacuity and physical, moral, and intellectual flabbiness, to which those doom themselves who elect to spend all their years in that vainest of all vain pursuits-the pursuit of mere pleasure as a sufficient end in itself.

The true friend of property, the true conservative, is he who insists that property shall be the servant and not the master of the commonwealth; who insists that the creature of man’s making shall be the servant and not the master of the man who made it. The citizens of the United States must effectively control the mighty commercial forces which they have called into being. There can be no effective control of corporations while their political activity remains. To put an end to it will be neither a short nor an easy task, but it can be done.

Women should have free access to every field of labor which they care to enter, and when their work is as valuable as that of a man it should be paid as highly.

The labor unions shall have a square deal, and the corporations shall have a square deal, and in addition, all private citizens shall have a square deal.

It is character that counts in a nation as in a man.

I believe that this Republic will endure for many centuries. If so there will doubtless be among its Presidents Protestants and Catholics, and very probably at some time, Jews. I have consistently tried while President to act in relation to my fellow Americans of Catholic faith as I hope that any future President who happens to be Catholic will act towards his fellow Americans of Protestant faith. Had I followed any other course I should have felt that I was unfit to represent the American people.

The immigrant must not be allowed to drift or to be put at the mercy of the exploiter. Our object is not to imitate one of the older racial types, but to maintain a new American type and then to secure loyalty to this type. We cannot secure such loyalty unless we make this a country where men shall feel that they have justice and also where they shall feel that they are required to perform the duties imposed upon them.