If civilization is to survive, the principles of the Prince of Peace must be restored. Shattered trust between nations must be revived. Most important of all, the will for peace on the part of peace-loving nations must express itself to the end that nations that may be tempted to violate their agreements and the rights of others will desist from such a cause. There must be positive endeavors to preserve peace. America hates war. America hopes for peace. Therefore, America actively engages in the search for peace.

I've fired my last shot. I think I should have another round in my belt.

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.

A reactionary is a somnambulist walking backwards.

The Presidency is not merely an administrative office. Thats the least of it. It is more than an engineering job, efficient or inefficient. It is pre-eminently a place of moral leadership. All our great Presidents were leaders of thought at times when certain historic ideas in the life of the nation had to be clarified.

Wise and prudent men and intelligent conservatives have long known that in a changing world worthy institutions can be conserved only by adjusting them to the changing time.

Are you laboring under the impression that I read these memoranda of yours? I can't even lift them.