History has recorded nothing so dramatic in design, nor so skillfully manipulated, as this attempt to create the National Reserve Association, or the Federal Reserve.

It is about a period in aviation which is now gone, but which was probably more interesting than any the future will bring. As time passes, the perfection of machinery tends to insulate man from contact with the elements in which he lives. The 'stratosphere' planes of the future will cross the ocean without any sense of the water below. Like a train tunneling through a mountain, they will be aloof from both the problems and the beauty of the earth's surface.

Under the federal reserve act, panics are scientifically created. The present panic is the first scientifically created one, worked out as we figured, a mathematical equation.

Alone? Is he alone at whose right side rides Courage, with Skill within the cockpit and faith upon the left? Does solitude surround the brave when Adventure leads the way and Ambition reads the dials? Is there no company with him, for whom the air is cleft by Daring and the darkness made light by Emprise?

This is earth again, the earth where I've lived and now will live once more ... I've been to eternity and back. I know how the dead would feel to live again.

Life is like a landscape. You live in the midst of it but can describe it only from the vantage point of distance.

We are in the grip of a scientific materialism, caught in a vicious cycle where our security today seems to depend on regimentation and weapons which will ruin us tomorrow.