I wish to reiterate all the reasons which [my predecessor] has presented in favor of the policy of maintaining a strong navy as the best conservator of our peace with other nations and the best means of securing respect for the assertion of our rights of the defense of our interests, and the exercise of our influence in international matters.
William Howard TaftPeople run away from the name subsidy. It is a subsidy. I am not afraid to call it so. It is paid for the purpose of giving a merchant marine to the whole country so that the trade of the whole country will be benefitted thereby, and the men running the ships will of course make a reasonable profit.... Unless we have a merchant marine, our navy if called upon for offensive or defensive work is going to be most defective.
William Howard TaftThe Masonic system represents a stupendous and beautiful fabric, founded on universal purity, to rule and direct our passions, to have faith and love in God, and charity toward man.
William Howard TaftThe intoxication of power rapidly sobers off in the knowledge of its restrictions and under the prompt reminder of an ever-present and not always considerate press, as well as the kindly suggestions that not infrequently come from Congress.
William Howard TaftThe policy of dollar diplomacy is one that appeals alike to idealistic humanitarian sentiments, to dictates of sound policy, and strategy, and to legitimate commercial aims.
William Howard TaftOne of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.
William Howard Taft