Calvin Coolidge

That is constructive economy in the highest degree.

It gas been a method which has performed the seeming miracle of leaving a much greater percentage of earnings in the hands of the taxpayers with scarcely any diminution of the Government revenue.

One-third of the national debt has been paid, while much of the other two-thirds has been refunded at lower rates, and these savings of interest and constant economies have enabled us to repeat the satisfying process of more tax reductions.

We have substituted for the vicious circle of increasing expenditures, increasing tax rates, and diminishing profits the charmed circle of diminishing expenditures, diminishing tax rates, and increasing profits.

A rule of force has been giving way to a rule of reason.

Wastefulness in public business and private enterprise has been displaced by constructive economy.

Their candor in dealing with foreign governments has commanded respect and confidence.

The country can regard the present with satisfaction and anticipate the future with optimism.

The great wealth created by our enterprise and industry, and saved by our economy, has had the widest distribution among our own people, and has gone out in a steady stream to serve the charity and the business of the world.

In the foreign field there is peace, the good will which comes from mutual understanding, and the knowledge that the problems which a short time ago appeared so ominous are yielding to the touch of manifest friendship.

In doing good, in walking humbly, in sustaining its own people in ministering to other nations, America will work out its own mighty destiny.

A spirit of generous consideration is a more certain defense than great armaments.

The heart of the Nation is more important than treaties.

We know that peace comes from honesty and fair dealing, from moderation, and a generous regard for the rights of others.

Those who are peaceful and law-abiding realize that not only have they nothing to fear from us, but that they can rely on our moral support.

Our example has become of great importance in the world.

While having a due regard for our own affairs, the protection of our own rights, and the advancement of our own people, we can afford to be liberal toward others.

A firm adherence to our rights and a scrupulous respect for the sovereignty of Mexico, both in accordance with the law of nations, coupled with patience and forbearance, it is hoped will resolve all our differences without interfering with…

We have believed that peace can best be secured by a faithful observance on our part of the principles of international law, accompanied by patience and conciliation, and requiring of others a like treatment for ourselves.

We are a peaceful people and committed to the settling of disputes by amicable adjustment rather than by force.

It is the policy of the United States to promote peace.

I am still of the opinion that much good could be accomplished through the establishment of a Department of Education and Relief, into which would be gathered all of these functions under one directing member of the Cabinet.

The magnitude of the undertaking is already so large that all requests calling for further expenditure should have the most searching scrutiny.

We should continue to foster our system of compensation and rehabilitation, and provide hospitals and insurance.

This is purely a business question, which should be stripped of all local and partisan bias and decided on broad principles and its merits in order to promote the public welfare.