No man who enters upon the office to which I have succeeded can fail to recognize how every president of the United States has placed special reliance upon his faith in God. Every president has taken comfort and courage when toldthat the Lord 'will be with thee. He will not fail thee nor forsake thee. Fear not-neither be thou dismayed.' Each of our presidents in his own way has placed a special trust in God. Those who were strongest intellectually were also strongest spiritually.

Forbidden fruit tastes sweet, but its aftertaste is bitter.

In those countries where income taxes are lower than in the United States, the ability to defer the payment of U.S. tax by retaining income in the subsidiary companies provides a tax advantage for companies operating through overseas subsidiaries that is not available to companies operating solely in the United States. Many American investors properly made use of this deferral in the conduct of their foreign investment.

One hundred and fifty years ago the vacant lands of the West were opened to private use. One hundred years ago the Congress passed the Homestead Act, probably the single greatest stimulus to national development ever enacted. Under the impetus of that Act and other laws, more than 1.1 billion acres of the original public main have been transferred to private and non-federal public ownership. The 768 million acres remaining in federal ownership are a valuable national asset.

The Federal Budget can and should be made an instrument of prosperity and stability, not a deterrent to recovery.

Too often in the past, we have thought of the artist as an idler and dilettante and of the lover of arts as somehow sissy and effete. We have done both an injustice. The life of the artist is, in relation to his work, stern and lonely. He has labored hard, often amid deprivation, to perfect his skill. He has turned aside from quick success in order to strip his vision of everything secondary or cheapening. His working life is marked by intense application and intense discipline.

This is not a time to keep the facts from the people-to keep them complacent. To sound the alarm is not to panic but to seek action from an aroused public. For, as the poet Dante once said: 'The hottest places in hell are reserved for those who, in a time of great moral crisis, maintain their neutrality.