I am more than ever convinced of the dangers to which the free and unbiased exercise of political opinion - the only sure foundation and safeguard of republican government - would be exposed by any further increase of the already overgrown influence of corporate authorities.

Between Russia and the United States sentiments of good will continue to be mutually cherished.

The government should not be guided by Temporary Excitement, but by Sober Second Thought.

There is a power in public opinion in this country - and I thank God for it: for it is the most honest and best of all powers - which will not tolerate an incompetent or unworthy man to hold in his weak or wicked hands the lives and fortunes of his fellow-citizens.

We remain at peace with all nations, and no efforts on my part consistent with the preservation of our rights and the honor of the country shall be spared to maintain a position so consonant to our institutions.

Every proper exertion has been made and will be continued to carry out the wishes of Congress in relation to the tobacco trade, as indicated in the several resolutions of the House of Representatives and the legislation of the two branches.

In time of peace there can, at all events, be no justification for the creation of a permanent debt by the Federal Government. Its limited range of constitutional duties may certainly under such circumstances be performed without such a resort.