participation will give added
strength of citizenship and magnify our achievement.

If revolution insists upon overturning established order, let other
peoples make the tragic experiment. There is no place for it in America.
When World War threatened civilization we pledged our resources and our
lives to its preservation, and when revolution threatens we unfurl the
flag of law and order and renew our consecration. Ours is a
constitutional freedom where the popular will is the law supreme and
minorities are sacredly protected. Our revisions, reformations, and
evolutions reflect a deliberate judgment and an orderly progress, and we
mean to cure our ills, but never destroy or permit destruction by force.

I had rather submit our industrial controversies to the conference table
in advance than to a settlement table after conflict and suffering. The
earth is thirsting for the cup of good will, understanding is its
fountain source. I would like to acclaim an era of good feeling amid
dependable prosperity and all the blessings which attend.

It has been proved again and again that we cannot, while throwing our
markets open to the world, maintain American standards of living and
opportunity, and hold our industrial eminence in such unequal
competition. There is a luring fallacy in the theory of banished
barriers of trade, but preserved American standards require our higher
production costs to be reflected in our tariffs on imports. Today, as
never before, when peoples are seeking trade restoration and expansion,
we must adjust our tariffs to the new order. We seek participation in
the world's exchanges, because therein lies our way to widened influence
and the triumphs of peace. We know full well we cannot sell where we do
not buy, and we cannot sell successfully where we do not carry.
Opportunity is calling not alone for the restoration, but for a new era
in production, transportation and trade. We shall answer it best by
meeting the demand of a surpassing home market, by promoting
self-reliance in production, and by bidding enterprise, genius, and
efficiency to carry our cargoes in American bottoms to the marts of the
world.

We would not have an America living within and for herself alone, but we
would have her self-reliant, independent, and ever nobler, stronger, and
richer. Believing in our higher standards, reared through constitutional
liberty and maintained opportunity, we invite the world to the same
heights. But