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.

Those who won our independence believed that the final end of the state was to make men free to develop their faculties... They valued liberty both as an end and as a means. They believed liberty to be the secret of happiness and courage to be the secret of liberty... that public discussion is a political duty; and that this should be a fundamental principle of the American government.

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

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

Strong, responsible unions are essential to industrial fair play. Without them the labor bargain is wholly one-sided.

There is a spark of idealism within every individual which can be fanned into flame and bring forth extraordinary results.

If there be time to expose through discussion the falsehood and fallacies, to avert the evil by the processes of education, the remedy to be applied is more speech, not enforced silence.