Life is as if you were traveling a ridge crest. You have the gulf of inefficiency on one side and the gulf of wickedness on the other, and it helps not to have avoided one gulf if you fall into the other.
I shall ask you to be as quiet as possible. I don’t know whether you fully understand that I have just been shot — but it takes more than that to kill a Bull Moose.
The important thing is this: that, under such government recognition as we may give to that which is beneficent and wholesome in large business organizations, we shall be most vigilant never to allow them to crystallize into a condition which shall make private initiative difficult. It is of the utmost importance that in the future we shall keep the broad path of opportunity just as open and easy for our children as it was for our fathers during the period which has been the glory of America's industrial history.
At the risk of repetition let me say again that my plea is not for immunity to, but for the most unsparing exposure of, the politician who betrays his trust, of the big business man who makes or spends his fortune in illegitimate or corrupt ways. There should be a resolute effort to hunt every such man out of the position he has disgraced. Expose the crime, and hunt down the criminal; but remember that even in the case of crime, if it is attacked in sensational, lurid, and untruthful fashion, the attack may do more damage to the public mind than the crime itself.
It is a great mistake to think that the extremist is a better man than the moderate. Usually the difference is not that he is morally stronger, but that he is intellectually weaker. He is not more virtuous. He is simply more foolish.
The absence of effective State, and, especially, national, restraint upon unfair money-getting has tended to create a small class of enormously wealthy and economically powerful men, whose chief object is to hold and increase their power. The prime need is to change the conditions which enable these men to accumulate power which is not for the general welfare that they should hold or exercise. We grudge no man a fortune which represents his own power and sagacity, when exercised with entire regard to the welfare of his fellows.
A healthy state can exist only when the men and women who make it up lead clean, vigorous, healthy lives; when the children are so trained that they shall endeavor, not to shirk difficulties, but to overcome them; not to seek ease, but to know how to wrest triumph from toil and risk.
It is not only highly desirable but necessary that there should be legislation which shall carefully shield the interests of wage-workers, and which shall discriminate in favor of the honest and humane employer by removing the disadvantage under which he stands when compared with unscrupulous competitors who have no conscience and will do right only under fear of punishment.
There is no reason why people should not call themselves Cubists, or Octagonists, or Parallelopipedonists, orKnights oftheIsoscelesTriangle, or Brothers of the Cosine, if they so desire; as expressing anything serious and permanent, one term is as fatuous as another.
From time to time, little men will find fault with what you have done...but they will go down the stream like bubbles, they will vanish. But the work you have done will remain for the ages.