All of our people all over the country-except the pure-blooded Indians-are immigrants or descendants of immigrants, including even those who came over here on the Mayflower.

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.

Economic diseases are highly communicable. It follows therefore that the economic health of every country is a proper matter of concern to all its neighbors, near or distant.

Our policy is to give all possible material aid to the nations that still resist aggression across the Atlantic and Pacific Oceans. And we make it abundantly clear that we intend to commit none of the fatal errors of appeasement. We have the thought that in this nation of many states we have found the way in which men of many racial origins may live together in peace. If the human race as a whole is to survive, the world must find a way by which men and nations may live together in peace. We cannot accept the doctrine that war must be forever a part of man's destiny.

Beware of that profound enemy of the free enterprise system who pays lip-service to free competition, but also labels every antitrust prosecution as a persecution.

The structure of world peace cannot be the work of one man or one party or one nation. It must be a peace which rests on the cooperative effort of the whole world.

Do not confuse objectives with methods. When the nation becomes substantially united in favor of planning the broad objectives of civilization, then true leadership must unite thought behind definite methods.