Calvin Coolidge

This has been brought about, not by bringing in experts from the outside, but by making people already in the service of the various branches of the Government and securing the full benefit of their knowledge and experience.

Economic means the discouragement of unnecessary expenditures.

The prosperity, peace, and contentment of the people demand it.

Nearly everyone connects them with economy in Government expenditures. But that is not the real answer.

If it is not worth working for, then I do not know anything that is worth working for.

I know very well that we do not harbor any intention of attacking anyone else.

I don't know of anything I can add to what I said there.

I find in my own case that my privileges of free speech are a good deal curtailed, because I am President.

But I do not agree with the methods that they sometimes employ.

I don't think there is any reason for taking seriously any suggestion that the country at the present time is in danger of being attacked.

There doesn't seem to be much of anything the President can do about that.

As I left there it seemed to me that the conference was in a position to do very much excellent work.

Naturally our Government is pleased with my reception at Havana.

There is nothing I can say about the Pan American Conference that occurs to me, that has not already been said.

We shall have to realize that the highest law is consideration, cooperation, friendship, and charity.

Our most sacred trust has been, and is, the establishment and expansion of the spirit of democracy.

The attitude of the open mind must prevail.

Next to our attachment to the principle of self-government has been our attachment to the policy of peace.

Democracies are peace-moving.

The spirit of liberty is universal.

It is better for the people to make their own mistakes than to have some one else make their mistakes for them.

The whole atmosphere of the Conference is animated with the spirit of democracy and good will.

Our history reveals that in such expectation we have not been disappointed.

I am not familiar enough with the exact workings and practice of the Federal Reserve System so that comments that I might make relative to the amount of brokers' loans and so on would be of very much value.

I do know in a general way that the amount of securities in this country has increased very largely in recent years.