Warren G. Harding: “The shield to the high-minded public servant who adheres to party policy is manifest, but the higher purpose is the good…”

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.

We have been giving, and are giving now, of our influence and appeals to minimize the likelihood of war and throw off the crushing burdens of armament.

We can not sell to others who do not produce, nor can we buy unless we produce at home.

More, it is vital to the preservation of many of our own industries which contribute so notably to the very lifeblood of our Nation.