It has been perhaps the proudest claim of our American civilization that in dealing with human relationships it has constantly moved toward such justice in distributing the product of human energy that it has improved continuously the economic status of the mass of people.
Harding reflects on the progress of American civilization in achieving economic justice and improving the status of the masses.
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We can not sell to others who do not produce, nor can we buy unless we produce at home.
We recognize the necessity of buying wherever we sell, and the permanency of trade lies in its acceptable exchanges.
The base of the pyramid of civilization which rests upon the soil is shrinking through the drift of population from farm to city.
It will be helpful to ourselves and it will improve conditions among our debtors if funding and the settlement of defaulted interest may be negotiated.