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speech that the President made was his “economic royalists” speech. At the very end of his acceptance speech he said that. He had been nominated properly. The acceptance speech was given in the evening in the great stadium in Philadelphia. I was sitting just behind him to the left and Mary Dewson was just behind me. Mary Dewson was the Chairman of the Women's Division of the Democratic party. She had been an old time Consumers' League person, social worker, very able person. I remember this because of the exchange of conversation between us.

He made a very good speech, full of places to applaud. At the very end he said these words, which I remember as though they were said just yesterday: “Many years ago this country, looking at its own political life and the political life of the world, decided to shake off political royalism. We moved in our great war of independence against the political royalists that had controlled our political life up until that time. Now here we are in a situation where we have the control of our economic life by persons who have not the great interests of the people as their first interest in life, and we are going to shake off the economic royalists as well.”

It was a well-balanced thought. A royalist was