We know that enduring peace cannot be bought at the cost of other people's freedom.

We have our difficulties, true; but we are a wiser and a tougher nation than we were in 1932. Never have there been six years of such far flung internal preparedness in all of history. And this has been done without any dictator's power to command, without conscription of labor or confiscation of capital, without concentration camps and without a scratch on freedom of speech, freedom of the press or the rest of the Bill of Rights.

The function of Government must be to favor no small group at the expense of its duty to protect the rights of personal freedom and of private property of all its citizens.

The peoples of many countries are being taxed to the point of poverty and starvation in order to enable Governments to engage in a mad race in armament which, if permitted to continue, may well result in war. This grave menace to the peace of the world is due in no small measure to the uncontrolled activities of the manufacturers and merchants of engines of destruction, and it it must be met by the concerted actions of the peoples of all Nations.

Too often in recent history liberal governments have been wrecked on rocks of loose fiscal policy.

We know now that government by organized money is just as dangerous as government by organized mob.

The people of America are in agreement in defending their liberties at any cost, and the first line of that defense lies in the protection of economic security.