And you have remade the ancient and demoralized Democratic party.

Four years ago it consisted of a protest and of the wreck wrought by Mr.Bryan's long captaincy.

This rebirth, with a popular majority, is an historical achievement--of your own.
You have relaid the foundation and reset the pillars of a party that may enjoy a long supremacy for domestic reasons.

Now, if you will permit me to say so, from my somewhat distant view (four years make a long period of absence) the big party task is to build up a clearer and more positive foreign policy.

We are in the world and we've got to choose what active part we shall play in it--I fear rather quickly.