We are just beginning to realize its meaning for the needs here on earth.
Lyndon Johnson
The Public Record
Lyndon Baines Johnson was the 36th President of the United States, serving from 1963 to 1969. A member of the Democratic Party, he was born in Texas and began his political career as a U.S. Representative in 1937, later becoming a U.S. Senator in 1949. Johnson ascended to the presidency following the assassination of John F. Kennedy, and his administration is noted for significant domestic policies, including the Great Society programs aimed at eliminating poverty and racial injustice. His legislative achievements included the Civil Rights Act of 1964 and the establishment of Medicare and Medicaid.
I believe that you will still be there when the summer soldiers have fled the field of challenge.
It could lead to far greater government subsidies for the merchant fleet--and place an undue and unnecessary financial burden on the American taxpayer.
In substance, H.R. 162 could reduce the preferred mortgage holder virtually to the status of an unsecured creditor.
The mischief in H.R. 162 is this: it would--for the first time--give the highest priority lien to those who contract with the ship's master for ship supplies and other items.
This could destroy the usefulness of the preferred ship mortgage as a means of privately financing merchant ship construction--a method which Congress itself authorized and approved in the Ship Mortgage Act of 1920.
I stressed that I could get subjective reporting free; what I want is objective reporting.
So I am very grateful to all of you who believe as I believe--that there is a better day coming for the American farmer, particularly if the farmer himself will unite and will give some of his good hard-headed thinking to this subject.
American farm products are vital to our own economic health, and to our strength in the markets of the world.
We owe it to ourselves to be just--and I am not sure that we have been either.
Our farmers have made us the healthiest and the best fed people in all the world, throughout all history.
If our prices rise faster than those of our overseas competitors, our exports will suffer and our imports will grow.
It was repelled because we stood firmly behind our pledge--which I reaffirm today--to convert the dollar to gold at $35 an ounce.
No time has been set, although Mr. Wilson would be welcome any time he chose to come.
And we will continue to attempt to prevail upon both labor and business, or business and labor, to bear in mind that when the increased costs exceed the increased productivity, we have an undesirable and bad situation.





