I see nothing in the present situation that is either menacing or warrants pessimism.

I see nothing in the present situation that is either menacing or warrants pessimism.

Prosperity of the middling and lower orders depends upon the fortunes and light taxes of the rich.

Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. It will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people.

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.

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

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