Warren G. Harding: “Every obligation consonant with American ideals and sanctioned under our form of government is willingly met.”

But a people unemployed, and gaunt with hunger, face a situation quite as disheartening as war, and our greater obligation to-day is to do the Government's part toward resuming productivity and promoting fortunate and remunerative…

Its preparation is a signal achievement, and the perfection of the system, a thing impossible in the few months available for its initial trial, will mark its enactment as the beginning of the greatest reformation in governmental practices…

Everything relating to trade, among ourselves and among nations, has been expanded, excessive, inflated, abnormal, and there is a madness in finance which no American policy alone will cure.

We saw partisan lines utterly obliterated when war imperiled, and our faith in the Republic was riveted anew.