Any man of energy and initiative can get what he wants out of life. But when initiative is crippled by legislation or by a tax system which denies him the right to receive a reasonable share of his earnings, then he will no longer exert himself and the country will be deprived of the energy on which its continued greatness depends.

Values will be adjusted, and enterprising people will pick up the wrecks from less competent people.

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

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

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

The Government's business is in sound condition.

The history of taxation shows that taxes which are inherently excessive are not paid. The high rates inevitably put pressure upon the taxpayer to withdraw his capital from productive business.