"The development of such a general program into a sound working business scheme would doubtless be found chiefly an affair of the state governments, but one in which the jointure of state and national authorities might prove practicable and even necessary."
"We realize that the real producer, under our elaborate and costly system of distribution, is not permitted a fair share of his product for his own use and enjoyment."
"Accordingly, in pursuance of the proposal which has been made, and in the light of the gracious indication of its acceptance, the President invites the Governments of Great Britain (Japan, Italy, Fran..."
"It is the earnest wish of this Government that through an interchange of views with the facilities afforded by a conference, it may be possible to find a solution of Pacific and Far Eastern problems, ..."
"It is idle to look for stability, or the assurance of social justice, or the security of peace while wasteful and unproductive outlays deprive effort of its just reward and defeat the reasonable expec..."
"The time is believed to be opportune for these Powers to approach this subject directly and in conference; and while, in the discussion of limitation of armament, the question of naval armament may na..."
"It is, however, quite clear that there can be no final assurance of the peace of the world in the absence of the desire for peace, and the prospect of reduced armaments is not a hopeful one unless thi..."
"The enormous disbursements in the rivalries of armaments manifestly constitute the greater part of the encumbrance upon enterprise and national prosperity; and avoidable or extravagant expense of this..."
"Yet there would seem to be no ground to expect the halting of these increasing outlays unless the Powers most largely concerned find a satisfactory basis for an agreement to effect their limitation."
"It may also be found advisable to formulate proposals by which in the interest of humanity the use of new agencies of warfare may be suitably controlled."
"Productive labor is staggering under an economic burden too heavy to be borne unless the present vast public expenditures are greatly reduced."