I see nothing in the present situation that is either menacing or warrants pessimism... I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress.

Strong men have sound ideas and the force to make these ideas effective.

A nation is not in danger of financial disaster merely because it owes itself money.

The Government's business is in sound condition.

Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate.

There is no cause to worry. The high tide of prosperity will continue.

A balanced program for tax reform based upon the common sense idea of lowering taxes out of surplus revenues.