Your profits are going to be cut down to a reasonably low level by taxation. Your income will be subject to higher taxes. Indeed in these days, when every available dollar should go to the war effort, I do not think that any American citizen should have a net income in excess of $25,000 per year after payment of taxes.

Competition has been shown to be useful up to a certain point and no further, but cooperation, which is the thing we must strive for today, begins where competition leaves off.

The public schools shall be free from sectarian influences and, above all, free from any attitude of hostility to the adherents of any particular creed.

I have an unshaken conviction that democracy can never be undermined if we maintain our library resources and a national intelligence capable of utilizing them.

Private enterprise is ceasing to be free enterprise.

Great power involves great responsibility

When peace has been broken anywhere, the peace of all countries is in danger.