Warren G. Harding: “The base of the pyramid of civilization which rests upon the soil is shrinking through the drift of population from farm…”

There is actual depression in our agricultural industry, while agricultural prosperity is absolutely essential to the general prosperity of the country.

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.

It were better to, remain on firm ground, strive for ample employment and high standards of wage at home, and point the way to balanced budgets, rigid economies, and resolute, efficient work as the necessary remedies to cure disaster.

Our power to do so is not disputed, but power and ships, without comity of relationship, will not give us the expanded trade which is inseparably linked with a great merchant marine.