Economy

This action began by the application of economy to public expenditure.

In the domestic field there is tranquility and contentment, harmonious relations between management and wage earner, freedom from industrial strife, and the highest record of years of prosperity.

We are committed irrevocably to a balanced Budget and that carries the assurance that the only revision of our tax laws which will be considered is a revision downward.

Our splendid Treasury is not a bottomless, automatically replenishing fountain of fiscal supply, and its outflow must be eternally watched and carefully and wisely directed into proper channels.

The United States Government was trying to fix the price of silver by law, which, of course, was bound to fail.

We can see now that the fundamental difficulty was overproduction, complicated by unsound money.

I suggested to them that it is always necessary to use care in the raising and expending of the revenue of the government.

Not only transportation, but communication, is necessary to commercial interchanged.

Under free governments trade must be free, and to be of permanent value it ought to be independent.

Commerce has no other permanent foundation.

Under our standard we do not expect the Government to support trade; we expect trade to support the Government.

While America is not the chief market for breadstuffs and animal products of these countries, it is and must be the chief market for industrial raw material, tropical and semitropical foods, copper, hides, wool, oil, cane sugar, and coffee.

Our economic well-being depends on our integrity, our honor, our conscience.

It is my belief that more and more the trade of our country is conforming to these principles.

Advertising is the life of trade.

It is not enough that goods are made; a demand for them must also be made.

There is one problem that I have to keep under constant emphasis, and that is economy and government expenditures.

Now, it is very important that this country keep down its expenditures.