Woodrow Wilson actually said...

We need the guidance of the people; we need the constant expression of the purposes and ideals of the people.

In standing in front of this monument, sir, I fully recognize the significance of what you have said.

I want to say how deeply I appreciate the honor you conferred upon me in permitting me to become a member of this great Academy.

It is America's pleasure and America's pride that she has been able to show that it was a service to mankind.