Let us not be afraid to help each other — let us never forget that government is ourselves and not an alien power over us. The ultimate rulers of our democracy are not a President and Senators and Congressmen and Government officials but the voters of this country.

If civilization is to survive, the principles of the Prince of Peace must be restored. Shattered trust between nations must be revived. Most important of all, the will for peace on the part of peace-loving nations must express itself to the end that nations that may be tempted to violate their agreements and the rights of others will desist from such a cause. There must be positive endeavors to preserve peace. America hates war. America hopes for peace. Therefore, America actively engages in the search for peace.

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True regulation is for the equal benefit of the consumer and the investor, and the only man who will suffer from true regulation is the speculator or the unscrupulous promoter who levies tribute equally from the man who buys the service and from the man who invests his savings in this great industry.

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Too many men and governments the life of the human mind is a danger to be feared more than any other danger, and the Word which cannot be purchased, cannot be falsified, and cannot be killed is the enemy most hunted for and hated. It is not necessary to speak of the burning of the books in Germany, or of the victorious lie in Spain, or of the terror of the creative spirit in Russia, or of the hunting and hounding of those in this country who insist that certain truths be told and who will not be silent. These things are commonplace. They are commonplace to such a point that they no longer shock us into anger. Indeed it is the essential character of our time that the triumph of the lie, the mutilation of culture, and the persecution of the Word no longer shock us into anger.

The desire to provide security for oneself and one's family is natural and wholesome, but it is adequately served by a reasonable inheritance. Great accumulations of wealth cannot be justified on the basis of personal and family security. In the last analysis such accumulations amount to the perpetuation of great and undesirable concentration of control in a relatively few individuals over the employment and welfare of many, many others.

A radical is a man with both feet firmly planted — in the air. A conservative is a man with two perfectly good legs who, however, has never learned to walk forward. A reactionary is a somnambulist walking backwards. A liberal is a man who uses his legs and his hands at the behest — at the command — of his head.

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Freedom to learn is the first necessity of guaranteeing that man himself shall be self-reliant enough to be free. Such things did not need as much emphasis a generation ago, but when the clock of civilization can be turned back by burning libraries, by exiling scientists, artists, musicians, writers and teachers; by disbursing universities, and by censoring news and literature and art; an added burden, an added burden is placed on those countries where the courts of free thought and free learning still burn bright. If the fires of freedom and civil liberties burn low in other lands they must be made brighter in our own. If in other lands the press and books and literature of all kinds are censored, we must redouble our efforts here to keep them free. If in other lands the eternal truths of the past are threatened by intolerance we must provide a safe place for their perpetuation.

Let me warn you, and let me warn the nation, against the smooth evasion that says: "Of course we believe these things. We believe in social security. We believe in work for the unemployed. We believe in saving homes. Cross our hearts and hope to die! We believe in all these things. But we do not like the way that the present administration is doing them. Just turn them over to us. We will do all of them, we will do more of them, we will do them better and, most important of all, the doing of them will not cost anybody anything!"

With the enactment of the Income Tax Law of 1913, the Federal Government began to apply effectively the widely accepted principle that taxes should be levied in proportion to ability to pay and in proportion to the benefits received. Income was wisely chosen as the measure of benefits and of ability to pay. This was, and still is, a wholesome guide for national policy. It should be retained as the governing principle of Federal taxation. The use of other forms of taxes is often justifiable, particularly for temporary periods; but taxation according to income is the most effective instrument yet devised to obtain just contribution from those best able to bear it and to avoid placing onerous burdens upon the mass of our people.