The Union has become not merely a physical union of states, but rather a spiritual union in common ideals of our people. Within it is room for every variety of opinion, every possible experiment in social progress. Out of such variety comes growth, but only if we preserve and maintain our spiritual solidarity.

Liberalism should be found not striving to spread bureaucracy but striving to set bounds to it. True liberalism seeks all legitimate freedom first in the confident belief that without such freedom the pursuit of all other blessings and benefits is vain. That belief is the foundation of all American progress, political as well as economic.

More than ten million women march to work every morning side by side with the men. Steadily the importance of women is gaining notonly in the routine tasks of industry but in executive responsibility. I include also the woman who stays at home as the guardian of the welfare of the family. She is a partner in the job and wages. Women constitute a part of our industrial achievement.

There are only two occasions when Americans respect privacy, especially in Presidents. Those are prayer and fishing.

We need to add to the three R's, namely Reading, 'Riting, and 'Rithmetic, a fourth--- RESPONSIBILITY.

Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.

The party should stand for a constantly wider diffusion of property. That is the greatest social and economic security that can come to free men. It makes free men. We want a nation of proprietors, not a state of collectivists. That is attained by creating a national wealth and income, not by destroying it. The income and estate taxes create an orderly movement to diffuse swollen fortunes more effectively than all the quacks.