"No intelligent man is deceived by the temporary prosperity due to abnormal conditions, and no one can fail to appreciate the gravity of the problems with which we shall be faced when the war ends. We are alive to the imperative necessity of assuring the bases of honest business. I have deep sympathy with the effort to improve the conditions of labor; to prevent exploitation; to safeguard the future of the nation by protecting our women and children. I believe in working men's compensation laws; in wise conservation of our national resources, so that they may be protected, developed, and used to the utmost public advantage, but underlying every endeavor to promote social justice is the indispensable condition that there shall be a stable foundation for honorable enterprise. American industry must have proper protection, if labor is to be safeguarded. We must rescue our instruments of interstate commerce, our transportation facilities from uncertainty and confusion. We must show that we know how to protect the public without destroying or crippling our productive energies." 