More striking still, it appeared that, if the process of concentration goes on at the same rate, at the end of another century we shall have all American industry controlled by a dozen corporations and run by perhaps a hundred men. Put plainly, we are steering a steady course toward economic oligarchy, if we are not there already.

I have seen children starving. I have seen the agony of mothers and wives. I hate war.

I want to preach a new doctrine. A complete separation of business and government.

Rules are not necessarily sacred, principles are.

All work undertaken should be useful - not just for a day, or a year, but useful in the sense that it affords permanent improvement in living conditions or that it creates future new wealth for the Nation.

The handling of our forests as a continuous, renewable resource means permanent employment and stability to our country life. The forests are also needed for mitigating extreme climatic fluctuations, holding the soil on the slopes, retaining the moisture in the ground, and controlling the equable flow of water in our streams.

Taxes are paid in the sweat of every man who labors. If those taxes are excessive, they are reflected in idle factories, in tax-sold farms, and in hordes of hungry people, tramping the streets and seeking jobs in vain. Our workers may never see a tax bill, but they pay. They pay in deductions from wages, in increased cost of what they buy, or - as now - in broad unemployment throughout the land.