The tax-exempt privilege is a feature always reflected in the market price of [municipal] bonds. The investor pays for it.

Publicity is justly commended as a remedy for social and industrial diseases. Sunlight is said to be the best of disinfectants; electric light the most efficient policeman.

The goose that lays golden eggs has been considered a most valuable possession. But even more profitable is the privilege of taking the golden eggs laid by somebody else's goose. The investment bankers and their associates now enjoy that privilege.

To declare that in the administration of criminal law the end justifies the means to declare that the Government may commit crimes in order to secure conviction of a private criminal would bring terrible retribution.

If you will just start with the idea that this is a hard world, it will all be much simpler.

There are better mothers than disaster. A native land is the best of all mothers. We American Jews have a native land we love. But it is even better to have a native land who loves us.

The US States are our laboratories of democracy.