"Over a year has passed since you steamed out of this harbor, and over the world's rim, and this morning the hearts of all who saw you thrilled with pride as the hulls of the mighty warships lifted above the horizon. You have been in the Northern and the Southern Hemispheres; four times you have crossed the line; you have steamed through all the great oceans; you have touched the coast of every continent. Ever your general course has been westward; and now you come back to the port from which you set sail. This is the first battle fleet that has ever circumnavigated the globe. Those who perform the feat again can but follow in your footsteps.
"The little torpedo flotilla went with you around South America, through the Straits of Magellan, to our own Pacific Coast. The armored cruiser squadron met you, and left you again, when you were half way round the world. You have falsified every prediction of the prophets of failure. In all your long cruise not an accident worthy of mention has happened to a single battleship, nor yet to the cruisers or torpedo boats. You left this coast in a high state of battle efficiency, and you return with your efficiency increased; better prepared than when you left, not only in personnel but even in material. During your world cruise you have taken your regular gunnery practice, and skilled though you were before with the guns, you have grown more skilful still; and through practice you have improved in battle tactics, though here there is more room for improvement than in your gunnery. Incidentally, I suppose I need hardly say that one measure of your fitness must be your clear recognition of the need always steadily to strive to render yourselves more fit; if you ever grow to think that you are fit enough, you can make up your minds that from that moment you will begin to go backward.
"As a war-machine, the fleet comes back in better shape than it went out. In addition, you, the officers and men of this formidable fighting force, have shown yourselves the best of all possible ambassadors and heralds of peace. Wherever you have landed you have borne yourselves so as to make us at home proud of being your countrymen. You have shown that the best type of fighting man of the sea knows how to appear to the utmost possible advantage when his business is to behave himself on shore, and to make a good impression in a foreign land. We are proud of all the ships and all the men in this whole fleet, and we welcome you home to the country whose good repute among nations has been raised by what you have done."
APPENDIX A
THE TRUSTS, THE PEOPLE, AND THE SQUARE DEAL
[Written when Mr. Taft's administration brought suit to dissolve the steel corporation, one of the grounds for the suit being the acquisition by the Corporation of the Tennessee Coal and Iron Company; this action was taken, with my acquiescence, while I was President, and while Mr. Taft was a member of my cabinet; at the time he never protested against, and as far as I knew approved of my action in this case, as in the Harvester Trust case, and all similar cases.]
The suit against the Steel Trust by the Government has brought vividly before our people the need of reducing to order our chaotic Government policy as regards business. As President, in Messages to Congress I repeatedly called the attention of that body and of the public to the inadequacy of the Anti-Trust Law by itself to meet business conditions and secure justice to the people, and to the further fact that it might, if left unsupplemented by additional legislation, work mischief, with no compensating advantage; and I urged as strongly as I knew how that the policy followed with relation to railways in connection with the Inter-State Commerce Law should be followed by the National Government as regards all great business concerns; and therefore that, as a first step, the powers of the Bureau of Corporations should be greatly enlarged, or else that there should be created a Governmental board or commission, with powers somewhat similar to those of the Inter-State Commerce Commission, but covering the whole field of inter-State business, exclusive of transportation (which should, by law, be kept wholly separate from ordinary industrial business, all common ownership of the industry and the railway being forbidden). In the end I have always believed that it would also be necessary to give the National Government complete power over the organization and capitalization of all business concerns engaged in inter-State commerce.
A member of my Cabinet with whom, even more than with the various Attorneys-General, I went over every detail of the trust situation, was the one time Secretary of the Interior, Mr. James R. Garfield. He writes me as follows concerning the suit against the Steel Corporation:
"Nothing appeared before the House Committee that made me believe we were deceived by Judge Gary.