There is no legislation--I care not what it is--tariff, railroads, corporations, or of a general political character, that all equals in importance the putting of our banking and currency system on the sound basis proposed in the National Monetary Commission plan.

It gives me the greatest pleasure to say, as I do from the bottom of my heart, that never in the history of the country, in any crisis and under any conditions, have our Jewish fellow citizens failed to live up to the highest standards of citizenship and patriotism.

Next to the right of liberty, the right of property is the most important individual right guaranteed by the Constitution and the one which, united with that of personal liberty, has contributed more to the growth of civilization than any other institution established by the human race.

The judiciary has fallen to a very low state in this country. I think your part of the country has suffered especially. The federal judges of the South are a disgrace to any country, and I'll be damned if I put any man on the bench of whose character and ability there is the least doubt.

One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.

The Society or Fraternity of Freemasons is more in the nature of a system of Philosophy or of moral and social virtues taught by symbols, allegories, and lectures based upon fundamental truths, the observance of which tends to promote stability of character, conservatism, morality and good citizenship.

The day is not far distant when three Stars and Stripes at three equidistant points will mark our territory: one at the North Pole, another at the Panama Canal, and the third at the South Pole. The whole hemisphere will be ours in fact as, by virtue of our superiority of race, it already is ours morally.

The President can exercise no power which cannot be fairly and reasonably traced to some specific grant of power in the Federal Constitution or in an act of Congress passed in pursuance thereof. There is no undefined residuum of power which he can exercise because it seems to him to be in the public interest.

I sincerely hope that the incoming Congress will be alive, as it should be, to the importance of our foreign trade and of encouraging it in every way feasible. The possibility of increasing this trade in the Orient, in the Philippines, and in South America is known to everyone who has given the matter attention.

Presidents may go to the seashore or to the mountains. Cabinet officers may go about the country explaining how fortunate the country is in having such an administration, but the machinery at Washington continues to operate under the army of faithful non-commissioned officers, and the great mass of governmental business is uninterrupted.

The secret of Masonry, like the secret of life, can be known only by those who seek it, serve it, live it. It cannot be uttered; it can only be felt and acted. It is, in fact, an open secret, and each man knows it according to his quest and capacity. Like all things worth knowing, no one can know it for another and no man can know it alone.

I wish to reiterate all the reasons which [my predecessor] has presented in favor of the policy of maintaining a strong navy as the best conservator of our peace with other nations and the best means of securing respect for the assertion of our rights of the defense of our interests, and the exercise of our influence in international matters.

The real secrets of Masonry are never told, not even from mouth to ear. For the real secret of Masonry is spoken to your heart and from it to the heart of your brother. Never the language made for tongue may speak it, it is uttered only in the eye in those manifestations of that love which a man has for his friend, which passeth all other loves.

I have an intense personal interest in making the use of American capital in the development of China an instrument for the promotion of the welfare of China, and an increase in her material prosperity without entanglements or creating embarrassment affecting the growth of her independent political power, and the preservation of her territorial integrity.

I do not allow myself to be moved by anything except the law. If there has been a mistake in the law, or if I think there has beenperjury or injustice, I will weigh the petition most carefully, but I do not permit myself to be moved by more harrowing details, and I try to treat each case as if I was reviewing it or hearing it for the first time from the bench.

What I am anxious to do is to get the best bill possible with the least amount of friction.... I wish to avoid [splitting our party]. I shall do all in my power to retain the corporation tax as it is now and also force a reduction of the [tariff] schedules. It is only when all other efforts fail that I'll resort to headlines and force the people into this fight.

I think it is a wise course for laborers to unite to defend their interests.... I think the employer who declines to deal with organized labor and to recognize it as a proper element in the settlement of wage controversies is behind the times.... Of course, when organized labor permits itself to sympathize with violent methods or undue duress, it is not entitled to our sympathy.

Lawyers are necessary in a community. Some of you...take a different view; but as I am a member of that legal profession, or was at one time, and have only lost standing in it to become a politician, I still retain the pride of the profession. And I still insist that it is the law and the lawyer that make popular government under a written constitution and written statutes possible.

The development of the doctrine of international arbitration, considered from the standpoint of its ultimate benefits to the human race, is the most vital movement of modern times. In its relation to the well-being of the men and women of this and ensuing generations, it exceeds in importance the proper solution of various economic problems which are constant themes of legislative discussion and enactment.

Take away from the courts, if it could be taken away, the power to issue injunctions in labor disputes, and it would create a privileged class among the laborers and save the lawless among their number from a most needful remedy available to all men for the protection of their business interests against unlawful invasion.... The secondary boycott is an instrument of tyranny, and ought not to be made legitimate.

People run away from the name subsidy. It is a subsidy. I am not afraid to call it so. It is paid for the purpose of giving a merchant marine to the whole country so that the trade of the whole country will be benefitted thereby, and the men running the ships will of course make a reasonable profit.... Unless we have a merchant marine, our navy if called upon for offensive or defensive work is going to be most defective.

There is only one thing I want to say about Ohio that has a political tinge, and that is that I think a mistake has been made of recent years in Ohio in failing to continue as our representatives the same people term after term. I do not need to tell a Washington audience, among whom there are certainly some who have been interested in legislation, that length of service in the House and in the Senate is what gives influence.

The admission of Oriental immigrants who cannot be amalgamated with our people has been made the subject either of prohibitory clauses in our treaties and statutes or of strict administrative regulations secured by diplomatic negotiations. I sincerely hope that we may continue to minimize the evils likely to arise from such immigration without unnecessary friction and by mutual concessions between self-respecting governments.

We should have an army so organized and so officered as to be capable in time of emergency, in cooperation with the National Militia, and under the provision of a proper national volunteer law, rapidly to expand into a force sufficient to resist all probable invasion from abroad and to furnish a respectable expeditionary force if necessary in the maintenance of our traditional American policy which bears the name of President Monroe.

The truth is, the whole administration under Roosevelt was demoralized by the system of dealing directly with subordinates. It wasobviated in the State Department and the War Department under [Secretary of State Elihu] Root and me [Taft was the Secretary of War], because we simply ignored the interference and went on as we chose.... The subordinates gained nothing by his assumption of authority, but it was not so in the other departments.

Roosevelt could always keep ahead with his work, but I cannot do it, and I know it is a grievous fault, but it is too late to remedy it. The country must take me as it found me. Wasn't it your mother who had a servant girl who said it was no use for her to try to hurry, that she was a "Sunday chil" and no "Sunday chil" could hurry? I don't think I am a Sunday child, but I ought to have been; then I would have had an excuse for always being late.

On the whole, yes, I would rather be the Chief Justice of the United States, and a quieter life than that which becomes at the White House is more in keeping with the temperament, but when taken into consideration that I go into history as President, and my children and my children's children are the better placed on account of that fact, I am inclined to think that to be President well compensates one for all the trials and criticisms he has to bear and undergo.

It is not impossible, of course, after such an administration as Roosevelt's and after the change in method that I could not but adapt in view of my different way of looking at things, that questions should arise as to whether I should go back on the principles of the Roosevelt administration.... I have a government of limited power under a Constitution, and we have got to work out our problems on the basis of law. Now, if that is reactionary, then I am a reactionary.

That we can come here today and in the presence of thousands and tens of thousands of the survivors of the gallant army of Northern Virginia and their descendants, establish such an enduring monument by their hospitable welcome and acclaim, is conclusive proof of the uniting of the sections, and a universal confession that all that was done was well done, that the battle had to be fought, that the sections had to be tried, but that in the end, the result has inured to the common benefit of all.

It is fitting that the Government of the United States should assume the obligation of the establishment and maintenance of a first-class university for the education of colored menand I wish to put in this caveatthat the colored race today, all of them, would be better off if they all had university education.... Of course, the basis of education of the colored people is in the primary schools and in industrial schools.... In those schools must be introduced teachers from such university institutions as this.

Masonry, according to the general acceptation of the term, is an art founded on the principles of geometry, and devoted to the service and convenience of mankind. But Freemasonry, embracing a wider range and having a nobler object in view, namely, the cultivation and improvement of the human mind, may with more propriety be called a science, inasmuch as, availing itself of the terms of the former, it inculcates the principles of the purest morality, though its lessons are for the most part veiled in allegory and illustrated by symbols.

The study of Freemasonry is the study of man as a candidate for a blessed eternity. It furnishes examples of holy living, and displays the conduct which is pleasing and acceptable to God. The doctrines and examples which distinguish the Order are obvious, and suited to every capacity. It is impossible for the most fastidious Mason to misunderstand, however he might slight or neglect them. It is impossible for the most superficial brother to say that he is unable to comprehend the plain precepts and the unanswerable arguments which are furnished by Freemasonry.

I prefer an income tax, but the truth is I am afraid of the discussion which will follow and the criticism which will ensue if there is an other division in the Supreme Court on the subject of the income tax. Nothing has injured the prestige of the Supreme Court more than that last decision, and I think that many of the most violent advocates of the income tax will be glad of the substitution in their hearts for the same reasons. I am going to push the Constitutional amendment, which will admit an income tax without questions, but I am afraid of it without such an amendment.

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