“It will involve the organisation and mobilisation of all the material resources of the country to supply the materials of war and serve the incidental needs of the nation in the most abundant and yet the most economical and efficient way possible.

“It will involve the immediate full equipment of the navy in all respects, but particularly in supplying it with the best means of dealing with the enemy’s submarines.  It will involve the immediate addition to the armed forces of the United States, already provided for by law in case of war, at least 500,000 men, who should, in my opinion, be chosen upon the principle of universal liability to service; and also the authorisation of subsequent additional increments of equal force so soon as they may be needed and can be handled in training.

“It will involve also, of course, the granting of adequate credits to the Government, sustained, I hope, so far as they can equitably be sustained by the present generation, by well conceived taxation.  I say sustained so far as may be by equitable taxation because it seems to me that it would be most unwise to base the credits which will now be necessary entirely on money borrowed.  It is our duty, I most respectfully urge, to protect our people so far as we may against the very serious hardships and evils which would be likely to arise out of the inflation which would be produced by vast loans.

“In carrying out the measures by which these things are to be accomplished we should keep constantly in mind the wisdom of interfering as little as possible in our own preparation and in the equipment of our own military forces with the duty—­for it will be a very practical duty—­of supplying the nations already at war with Germany with the materials which they can obtain only from us or by our assistance.  They are in the field, and we should help them in every way to be effective there.

“I shall take the liberty of suggesting, through the several executive departments of the Government, for the consideration of your committees measures for the accomplishment of the several objects I have mentioned.  I hope that it will be your pleasure to deal with them as having been framed after very careful thought by the branch of the Government upon which the responsibility of conducting the war and safeguarding the nation will most directly fall.

“While we do these things, these deeply momentous things, let us be very clear, and make very clear to all the world what our motives and our objects are.  My own thought has not been driven from its habitual and normal course by the unhappy events of the last two months, and I do not believe that the thought of the nation has been altered or clouded by them.

“I have exactly the same thing in mind now that I had in mind when I addressed the Senate on the 22d of January last; the same that I had in mind when I addressed the Congress on the 3d of February and on the 26th of February.  Our object now, as then, is to vindicate the principles of peace and the justice in the life of the world as against selfish and autocratic power and to set up among the really free and self-governed peoples of the world such a concert of purpose and of action as will henceforth insure the observance of those principles.