king and currency
system based upon the necessity of the Government to sell its bonds
fifty years ago and perfectly adapted to concentrating cash and
restricting credits; an industrial system which, take it on all its
sides, financial as well as administrative, holds capital in leading
strings, restricts the liberties and limits the opportunities of labor,
and exploits without renewing or conserving the natural resources of the
country; a body of agricultural activities never yet given the
efficiency of great business undertakings or served as it should be
through the instrumentality of science taken directly to the farm, or
afforded the facilities of credit best suited to its practical needs;
watercourses undeveloped, waste places unreclaimed, forests untended,
fast disappearing without plan or prospect of renewal, unregarded waste
heaps at every mine. We have studied, as perhaps no other nation has,
the most effective means of production, but we have not studied cost or
economy as we should, either as organizers of industry, as statesmen, or
as individuals.

Nor have we studied and perfected the means by which government may be
put at the service of humanity, in safeguarding the health of the
Nation, the health of its men and its women and its children, as well as
their rights in the struggle for existence. This is no sentimental duty.
The firm basis of government is justice, not pity. These are matters of
justice. There can be no equality of opportunity, the first essential of
justice in the body politic, if men and women and children be not
shielded in their lives, their very vitality, from the consequences of
great industrial and social processes which they cannot alter, control,
or singly cope with. Society must see to it that it does not itself
crush or weaken or damage its own constituent parts. The first duty of
law is to keep sound the society it serves. Sanitary laws, pure-food
laws, and laws determining conditions of labor which individuals are
powerless to determine for themselves are intimate parts of the very
business of justice and legal efficiency.

These are some of the things we ought to do, and not leave the others
undone, the old-fashioned, never-to-be-neglected, fundamental
safeguarding of property and of individual right. This is the high
enterprise of the new day: To lift everything that concerns our life as
a Nation to the light that shines from the hearthfire of every man's
conscience and vis