One of the works that Uncle Sam has on hand just at present is digging the Panama Canal; and it is going to be dug. It is going to be dug honestly and as cheaply as is compatible with efficiency; but with the efficiency first. I wanted Congress to give me power to remodel the commission. It did not do it. So I remodeled it anyhow, purely in the exercise of my executive functions. I made up my mind this time that I was not going to make the slightest effort to represent different sections of the country on that commission, that I was going to have the whole country represented, by putting the best man I could get in any given position, without the slightest regard to where he came from; and while it was an accident, still I may mention it as a fortunate accident that the two most important positions were filled from Illinois—Shonts and Wallace are both from Illinois. These are external questions, as regards which the interests of the whole country and not the interests of any party or any section of the country must be considered by the President. So it is with certain of our great internal policies. Among the vital questions that have come up for solution, because of the extraordinary industrial development of this country, as of all the modern world, are the questions affecting capital and labor as regards each other, and the questions resulting from the effect upon the public of the organization into great masses of both capital and labor. I believe thoroughly in each kind of organization, but I recognize that if either kind of organization does what is wrong, the increase in its power for efficiency that has resulted from the combination means the increase in its power to do harm; and that, therefore, corporation—that is, organized capital—and union—that is, organized labor—must alike be held to a peculiar responsibility to the public at large, and that from each alike we have the right to demand not only obedience to the law, but service to the public. There are two sides to what I have said, and we are very apt to hear only insistence upon one side—sometimes insistence upon one side, sometimes insistence upon the other, but not as often as we should insistence upon both sides.