Our basic purpose has been, and must continue to be, to help build a structure of international economic relationships which will permit each country, through the free flow of goods and capital, to achieve sound economic growth without the necessity for special financial aid.

The underlying forces of recovery are asserting themselves.

In the meantime, the income has increased beyond all of the anticipated estimates, and we have come to that very handsome result if nothing happens to us within the next 15 days.

Under this sound and healthful encouragement the national income has increased nearly 50 per cent, until it is estimated to stand well over $90,000,000,000.

Of course, the place that he is in now is one of great importance and of constantly increasing importance, not only on account of our domestic commerce, but on account of our foreign commerce, which under his direction and encouragement has very greatly increased and shows promise of further increase in the future.

Ultimately we should of course have further tax reduction, as the debt is reduced, as the business of the country expands and revenue increases and expenses decrease.