I returned to the white House after midnight more depressed than ever before. I had long since arranged to attend the World Series in Philadelphia the next day. Although I like baseball, I kept this engagement only because I felt that my presence at a sporting event might be a gesture of reassurance to a country suffering from a severe attack of 'jitters.'

Every collectivist revolution rides in on a Trojan horse of "emergency". It was the tactic of Lenin, Hitler, and Mussolini. In the collectivist sweep over a dozen minor countries of Europe, it was the cry of men striving to get on horseback. And "emergency" became the justification of the subsequent steps. This technique of creating emergency is the greatest achievement that demagoguery attains.

One who brandishes a pistol must be prepared to shoot.

We cannot change ideas in the minds of men and races with machine guns or battle ships.

We have gold because we cannot trust governments

The sixth grade made my life successful by preparing me for the seventh and the seventh by preparing me for the eighth and so on. May it do the same for you.

While the crash only took place six months ago, I am convinced we have passed the worst and with continued unity of effort we shall rapidly recover.