When we control business in the public interest we are also bound to encourage it in the public interest or it will be a bad thing for everybody and worst of all for those on whose behalf the control is nominally exercised.
Our chief usefulness to humanity rests on our combining power with high purpose. Power undirected by high purpose spells calamity, and high purpose by itself is utterly useless if the power to put it into effect is lacking.
To waste, to destroy our natural resources, to skin and exhaust the land instead of using it so as to increase its usefulness, will result in undermining in the days of our children the very prosperity which we ought by right to hand down to them amplified and developed.
Is America a weakling, to shrink from the work of the great world powers? No! The young giant of the West stands on a continent and clasps the crest of an ocean in either hand. Our nation, glorious in youth and strength, looks into the future with eager eyes and rejoices as a strong man to run a race.
I must be wanting to be President. Every young man does. But I won't let myself think of it; I must not, because if I do, I will begin to work for it; I'll be careful, calculating, cautious in word and act, and so - I'll beat myself.
I am a strong individualist by personal habit, inheritance, and conviction; but it is a mere matter of common sense to recognize that the State, the community, the citizens acting together, can do a number of things better than if they were left to individual action.
It is by no means necessary that a great nation should always stand at the heroic level. But no nation has the root of greatness in it unless in time of need it can rise to the heroic mood.
The fool who has not sense to discriminate between what is good and what is bad is well nigh as dangerous as the man who does discriminate and yet chooses the bad.