Without impairing the efficient operation of all the functions of the government, I have steadily and without ceasing pressed on in that direction. This policy has encouraged enterprise, made possible the highest rate of wages which has ever existed, returned large profits, brought to the homes of the people the greatest economic benefits they ever enjoyed, and given to the country as a whole an unexampled era of prosperity. This well-being of my country has given me the chief satisfaction of my administration.
