So much for foreign affairs. Now for a matter of domestic policy. Here in this country we have founded a great federal democratic republic. It is a government by and for the people and therefore a genuine democracy; and the theory of our Constitution is that each neighborhood shall be left to deal with the things that concern only itself and which it can most readily deal with; so that town, county, city, and State have their respective spheres of duty, while the nation deals with those matters which concern all of us, all of the people, no matter where we dwell. Our democracy is based upon the belief that each individual ought to have the largest measure of liberty compatible with securing the rights of other individuals, that the average citizen, the plain man whom we meet in daily life, is normally capable of taking care of his own affairs, and has no desire to wrong any one else; and yet that in the interest of all there shall be sufficient power lodged somewhere to prevent wicked people from trampling the weak under foot for their own gain. Our constant endeavor is to make a good working compromise whereby we shall secure the full benefit of individual initiative and responsibility, while at the same time recognizing that it is the function of a wise government under modern conditions not merely to protect life and property, but to foster the social development of the people so far as this may be done by maintaining and promoting justice, honesty, and equal rights. We believe in a real, not a sham, democracy. We believe in democracy as regards political rights, as regards education, and, finally, as regards industrial conditions. By democracy we understand securing, as far as it is humanly possible to secure it, equality of opportunity, equality of the conditions under which each man is to show the stuff that is in him and to achieve the measure of success to which his own force of mind and character entitle him. Religiously this means that each man is to have the right, unhindered by the state, to worship his Creator as his conscience dictates, granting freely to others the same freedom which he asks for himself. Politically we can be said substantially to have worked out our democratic ideals, and the same is true, thanks to the common schools, in educational matters. But in industry there has not as yet been the governmental growth necessary in order to meet the tremendous changes brought about in industrial conditions by steam and electricity. It is not in accordance with our principles that literally despotic power should be put into the hands of a few men in the affairs of the industrial world. Our effort must be for a just and effective plan of action which, while scrupulously safeguarding the rights of the men of wealth, shall yet, so far as is humanly possible, secure under the law to all men equality of opportunity to make a living. It is to the interest of all of us that