I appreciate more than I can say your very kind expressions in regard to my treatment of the labor situation in Charlotte and in Concord. While the proclamation I issued dealt specifically with the Charlotte trouble it applied, of course, to conditions in Concord, and I am glad to know that the operatives and the mill owners there have now gotten together.

I have very definite convictions about what is best for the two absolutely indispensable parts of an industrial organization that we are in the habit of calling labor and capital. We must devise some means of getting these two parts of the same machine to work in harmony. This is a task that is worthy of the supremest and most consecrated effort that any man can make. If I can serve in bringing about such a happy realignment I shall be very grateful.