In other periods of depression, it has always been possible to see some things which were solid and upon which you could base hope, but as I look about, I now see nothing to give ground to hope-nothing of man.

When a great many people are unable to find work, unemployment results.

We have too much legislating by clamor, by tumult, by pressure. Representative government ceases when outside influence of any kind is substituted for the judgment of the representative.

Whenever Nature's bounty is in danger of exhaustion, the chemist has sought for a substitute. The conquest of disease has made great progress as a result of your efforts. Wherever we look, the work of the chemist has raised the level of our civilization and has increased the productive capacity of the nation. Waste materials, formerly cast aside, are now being utilized.

All growth depends upon activity. There is no development physically or intellectually without effort, and effort means work.

Government price-fixing once started, has alike no justice and no end. It is an economic folly from which this country has every right to be spared.

Advertising is the life of trade.