America has believed that in differentiation, not in uniformity, lies the path of progress. It acted on this belief; it has advanced human happiness, and it has prospered.

The greatest factors making for communism, socialism or anarchy among a free people are the excesses of capital. The talk of the agitator does not advance socialism one step. The great captains of industry and finance... are the chief makers of socialism.

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

Men feared witches and burned women.

The constitutional right of free speech has been declared to be the same in peace and war. In peace, too, men may differ widely as to what loyalty to our country demands, and an intolerant majority, swayed by passion or by fear, may be prone in the future, as it has been in the past, to stamp as disloyal opinions with which it disagrees.

We gain nothing by trading the tyranny of capital for the tyranny of labor.

Sunshine is the greatest disinfectant