Warren Harding: “Yet there would seem to be no ground to expect the halting of these increasing outlays unless the Powers most largely…”

And finally, as just a human being, I wish I could find words to tell you how glad I am to see you all, and reflecting as you do, from untroubled eyes, the happiness of spirit breathed by your own best song:

Settlement may enforce hardships and denials and economies which hinder the easy way to restoration, but it maintains the foundations of financial honor which must be everlasting.

I can see Russia only as the supreme tragedy and a world warning, the dangers of which we must avoid if our heritage is to be preserved.

I believe our policy, and its results, have reflected the sound judgment of the overwhelming majority of the American people.