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.

It is highly unlikely that an airplane, or fleet of them, could ever sink a fleet of Navy vessels under battle conditions.

Finally, in our progress toward a resumption of work we require two safeguards against a return of the evils of the old order: there must be a strict supervision of all banking and credits and investments; there must be an end to speculation with other people's money, and there must be provision for an adequate but sound currency.

All free peoples are deeply impressed by the courage and steadfastness of the Greek nation.

We think of our land and water and human resources not as static and sterile possessions but as life giving assets to be directed by wise provisions for future days.

What America needs now is a drink.

Governments can err, Presidents do make mistakes, but the immortal Dante tells us that divine justice weighs the sins of the cold-blooded and the sins of the warm-hearted in different scales. Better the occasional faults of a Government that lives in a spirit of charity than the constant omission of a Government frozen in the ice of its own indifference.