#success

"Excellent poetry, but not a good working philosophy. Goldsmith would have been right, if, in fact, the accumulation of wealth meant the decay of men. It is rare indeed that the men who are accumulating wealth decay. It is only when they cease production, when accumulation stops, that an irreparable decay begins. Wealth is the product of industry, ambition, character and untiring effort. In all experience, the accumulation of wealth means the multiplication of schools, the increase of knowledge, the dissemination of intelligence, the encouragement of science, the broadening of outlook, the expansion of liberties, the widening of culture. Of course, the accumulation of wealth cannot be justified as the chief end of existence. But we are compelled to recognize it as a means to well-nigh every desirable achievement. So long as wealth is made the means and not the end, we need not greatly fear it. And there never was a time when wealth was so generally regarded as a means, or so little regarded as an end, as today. Just a little time ago we read in your newspapers that two leaders of American business, whose efforts at accumulation had been most astonishingly successful, had given fifty or sixty million dollars as endowments to educational works. That was real news. It was characteristic of our American experience with men of large resources. They use their power to serve, not themselves and their own families, but the public. I feel sure that the coming generations, which will benefit by those endowments, will not be easily convinced that they have suffered greatly because of these particular accumulations of wealth."

React to this quote

More by Calvin Coolidge

See all

“He placed in my hands an official report and told me that President Harding had just passed away. My wife and I at once dressed. Before leaving the room I knelt down and, with, the same prayer with which I have since approached the altar of the church, asked God to bless the American people and give me power to serve them.”

“All native-born Americans, directly or indirectly, have the advantage of our schools, our colleges, and our religious bodies. It is our belief that America could not otherwise exist. Faith in mankind is in no wise inconsistent with a requirement for trained citizenship, both for men and women. No civilization can exist without a background—an active community of interest, a common aspiration—spiritual, social, and economic. It is a duty our country owes itself to require of all those aliens who come here that they have a background not inconsistent with American institutions.”

“Outlaw of war. Much interest has of late been manifested in this country in the discussion of various proposals to outlaw aggressive war. I look with great sympathy upon the examination of this subject. It is in harmony with the traditional policy of our country, which is against aggressive war and for the maintenance of permanent and honorable peace. While, as I have said, we must safeguard our liberty to deal according to our own judgment with our domestic policies, we can not fail to view with sympathetic interest all progress to this desired end or carefully to study the measures that may be proposed to attain it.”

“The relationship between governments and the press has always been recognized as a matter of large importance. Wherever despotism abounds, the sources of public information are the first to be brought under its control. Whereever the cause of liberty is making its way, one of its highest accomplishments is the guarantee of the freedom of the press. It has always been realized, sometimes instinctively, oftentimes expressly, that truth and freedom are inseparable. An absolutism could never rest upon anything save a perverted and distorted view of human relationships and upon false standards set up and maintained by force. It has always found it necessary to attempt to dominate the entire field of education and instruction. It has thrived on ignorance. While it has sought to train the minds of a few, it has been largely with the purpose of attempting to give them a superior facility for misleading the many. Men have been educated under absolutism, not that they might bear witness to the truth, but that they might be the more ingenious advocates and defenders of false standards and hollow pretenses. This has always been the method of privilege, the method of class and caste, the method of master and slave.”

“While the written word was the foundation, it is apparent that the spoken word was the vehicle for convincing the people. This came with great force and wide range from the successors of Hooker and Wise, It was carried on with a missionary spirit which did not fail to reach the Scotch-Irish of North Carolina, showing its influence by significantly making that Colony the first to give instructions to its delegates looking to independence. This preaching reached the neighborhood of Thomas Jefferson, who acknowledged that his "best ideas of democracy" had been secured at church meetings.”

“We are attempting to make our contribution to the peace of the world, not in any sensational or spectacular way but by the application of practical, workable, seasoned methods and an appeal to the common sense of mankind. We do not rely upon the threat of force in our international relations or in our attempt to maintain our position in the world. We have seen force tried, but the more people study its results the more they must be convinced that on the whole it has failed. Conditions sometimes arise where it seems that an appeal to arms is inevitable, but such conflicts decide very little. In the end it is necessary to make an appeal to reason, and until adjustments are reached by covenants which harmonize with the prevailing sense of justice a final solution has not been found.”