It is of equal consequence that the nations whom Europe has usually supplied with innumerable articles of manufacture and commerce of which they are in constant need and without which their economic development halts and stands still can now get only a small part of what they formerly imported and eagerly look to us to supply their all but empty markets.  This is particularly true of our own neighbors, the States, great and small, of Central and South America.  Their lines of trade have hitherto run chiefly athwart the seas, not to our ports but to the ports of Great Britain and of the older continent of Europe.  I do not stop to inquire why, or to make any comment on probable causes.  What interests us just now is not the explanation but the fact, and our duty and opportunity in the presence of it.  Here are markets which we must supply, and we must find the means of action.  The United States, this great people for whom we speak and act, should be ready, as never before, to serve itself and to serve mankind; ready with its resources, its energies, its forces of production, and its means of distribution.

It is a very practical matter, a matter of ways and means.  We have the resources, but are we fully ready to use them?  And, if we can make ready what we have, have we the means at hand to distribute it?  We are not fully ready; neither have we the means of distribution.  We are willing, but we are not fully able.  We have the wish to serve and to serve greatly, generously; but we are not prepared as we should be.  We are not ready to mobilize our resources at once.  We are not prepared to use them immediately and at their best, without delay and without waste.

To speak plainly, we have grossly erred in the way in which we have stunted and hindered the development of our merchant marine.  And now, when we need ships, we have not got them.  We have year after year debated, without end or conclusion, the best policy to pursue with regard to the use of the ores and forests and water powers of our national domain in the rich States of the West, when we should have acted; and they are still locked up.  The key is still turned upon them, the door shut fast at which thousands of vigorous men, full of initiative, knock clamorously for admittance.  The water power of our navigable streams outside the national domain also, even in the eastern States, where we have worked and planned for generations, is still not used as it might be, because we will and we won’t; because the laws we have made do not intelligently balance encouragement against restraint.  We withhold by regulation.

I have come to ask you to remedy and correct these mistakes and omissions, even at this short session of a Congress which would certainly seem to have done all the work that could reasonably be expected of it.  The time and the circumstances are extraordinary, and so must our efforts be also.