We wake up to find the whole world building competitive trade barriers, just as we found it a few years ago building competitive armaments. We are trying to reduce armaments to preserve the world's solvency. We shall have to reduce competitive trade barriers to preserve the world's sanity. As between the two, trade barriers are more destructive than armaments and more threatening to the peace of the world.

It takes vision and courage to create

The world does not owe men a living, but business, if it is to fulfill its ideal, owes men an opportunity to earn a living.

I really believe that more harm is done by old men who cling to their influence than by young men who anticipate it.

When boasting ends, there dignity begins.

The man who can put himself in the place of other men, who can understand the workings of their minds, need never worry about what the future has in store for him.

Markets as well as mobs respond to human emotions; markets as well as mobs can be inflamed to their own destruction.