Warren G. Harding: “In the folly of conflict our progress was hindered, and the heavy cost has not yet been fully estimated.”

Something more than tariff protection is required by American agriculture.

I hope a way will be found to make for flexibility and elasticity, so that rates may be adjusted to meet unusual and changing conditions which can not be accurately anticipated.

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

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