In determining changes in our tariff we must not fail to take into account the broad interests of the country as a whole, and such interests include our trade relations with other countries.

The general result has been that our agricultural industry has not kept pace in prosperity or standards of living with other lines of industry.

The objects to be gained by cooperation within an administration between the administration and Congress, between the administration and the leaders of our economic and social forces, are not the pawns of politics; they are not the headlines of the newspapers.

I sometimes wonder how our country can earn its living so arduously and successfully and at the same time do all the reading that it seems to do.

If any reduction is to be applied to taxes, it is my own belief that it should be applied in that direction.

I don't think in all my experience, which has been very large with people that come before me in and out of the Government with proposals for spending money, I have ever had any proposal from anyone as to what could be done to raise money, and very few suggestions of what could be done to save any money.

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.

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.

The requirements of existence have passed beyond the standard of necessity into the region of luxury.

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

On the whole the finances of the Government are most satisfactory.

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.

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.

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

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

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

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

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