J02 Presidential Addresses 



advantages which may result; and when it becomes 

 necessary to make them they should be made with 

 full recognition of the need of stability in our 

 economic system and of keeping unchanged the prin 

 ciple of that system which has now become a set 

 tled policy in our national life. We have prospered 

 marvelously at home. As a nation we stand in the 

 very forefront in the giant international industrial 

 competition of the day. We can not afford by any 

 freak or folly to forfeit the position to which we 

 have thus triumphantly attained. 



AT SIOUX FALLS, S. D., APRIL 6, 1903 



Fellow-Citizens : 



There are many, many lesser problems which go 

 to make up in their entirety the huge and complex 

 problems of our modern industrial life. Each of 

 these problems is, moreover, connected with many 

 of the others. Few indeed are simple or stand only 

 by themselves. The most important are those con 

 nected with the relation of the farmers, the stock 

 growers and soil tillers, to the community at large, 

 and those affecting the relations between employer 

 and employed. In a country like ours it is funda 

 mentally true that the well-being of the tiller of the 

 soil and the wage-worker is the well-being of the 

 State. If they are well off, then we need concern 

 ourselves but little as to how other classes stand, for 

 they will inevitably be well off too ; and, on the other 

 hand, there can be no real general prosperity unless 



