Warren G. Harding: “I hope a way will be found to make for flexibility and elasticity, so that rates may be adjusted to meet unusual and…”

Our unemployment, which gave its deep concern only a few weeks ago, has grown encouragingly less, and new assurances and renewed confidence will attend the congressional declaration that American industry will be held secure.

The repeal of war-time legislation and the automatic expirations which attended the peace proclamations have put an end to these emergency excesses but I have the wish to go further than that.

I do not mean that partisan preferences should hinder any public servant in the performance of a conscientious and patriotic official duty.

In our pursuit of markets we must give as well as receive.