In securities or commodities, the larger the volume of speculation, the wider become the upward and downward swings and the more certain the result that in the long run there will be more losses than gains in the underlying wealth of the community.
Roosevelt warns about the dangers of speculation in financial markets and its long-term negative impact on community wealth.
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It seems obvious that we will be more or less responsible for security in all the Pacific waters.
I recommend that the Congress authorize the acceptance of the Constitution and the participation of the United States in the work of the Food and Agriculture Organization.
I wish I had the power, just for this evening, to be present at all of these gatherings.
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