What he really said in 1925 was that "the chief business of the American people is business"
... address to the Society of 
American Newspaper Editors on January 17, 1925 in Washington, D.C.. [DOC] [TLE] Address to the American Society of Newspaper Editors, Washington ... [PAR] It seems fair to say that the proper presentation of the news bears about the same 
relation ... Out of the current events he does not make a drab and sordid story, but 
rather an in ... After all, the chief business of the American people is business.