With impressive proof on all sides of magnificent progress, no one can rightly deny the fundamental correctness of our economic system.

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.

Prosperity is just around the corner.

But I would emphasize again that social and economic solutions, as such, will not avail to satisfy the aspirations of the people unless they conform with the traditions of our race, deeply grooved in their sentiments through a century and a half of struggle for ideals of life that are rooted in religion and fed from purely spiritual springs.

No public man can be just a little crooked. There is no such thing as a no-man's land between honesty and dishonesty.

Many years ago, I concluded that a few hair shirts were part of the mental wardrobe of every man. The president differs from other men in that he has a more extensive wardrobe.

Engineering training deals with the exact sciences. That sort of exactness makes for truth and conscience. It might be good for the world if more men had that sort of mental start in life even if they did not pursue the profession.