Power intoxicates men. It is never voluntarily surrendered. It must be taken from them.

The conditions which now exist in Germany make it impossible for industrial production to reach the levels which the occupying powers agreed were essential for a minimum German peacetime economy.

What we want is a lasting peace. We will oppose soft measures which invite the breaking of the peace.

The American people want peace. They have long since ceased to talk of a hard or a soft peace for Germany.

I hope that the German people will never again make the mistake of believing that because the American people are peace-loving, they will sit back hoping for peace if any nation uses force or the threat of force to acquire dominion over other peoples and other governments.

German militarism and Nazism have devastated twice in our generation the lands of German neighbors.

Provision was also made for the distribution of Germany's foreign assets among the Allies.