I dwell on this prospect with every satisfaction which an ardent love for my Country can inspire: since there is no truth more thoroughly established, than that there exists in the oeconomy and course of nature, an indissoluble union between virtue and happiness, between duty and advantage, between the genuine maxims of an honest and magnanimous policy, and the solid rewards of public prosperity and felicity: Since we ought to be no less persuaded that the propitious smiles of Heaven, can never be expected on a nation that disregards the eternal rules of order and right, which Heaven itself has ordained: And since the preservation of the sacred fire of liberty, and the destiny of the Republican model of Government, are justly considered as deeply, perhaps as finally staked, on the experiment entrusted to the hands of the American people.

The economic plank of this platform on its face concerns only material things; but is also a moral issue that I raise tonight. It has taken many forms over many years. In this campaign, and in this country that we seek to lead, the challenge in 1980 is to give our voice and our vote for these fundamental Democratic principles: Let us pledge that we will never misuse unemployment, high interest rates, and human misery as false weapons against inflation. Let us pledge that employment will be the first priority of our economic policy. Let us pledge that there will be security for all who are now at work. Let us pledge that there will be jobs for all who are out of work— and we will not compromise on the issue of jobs. These are not simplistic pledges. Simply put, they are the heart of our tradition; they have been the soul of our party across the generations. It is the glory and the greatness of our tradition to speak for those who have no voice, to remember those who are forgotten, to respond to the frustrations and fulfill the aspirations of all Americans seeking a better life in a better land.

My own belief is that the policy of the present Opposition would lead to national ruin and consequent distress and suffering such as this country has never yet seen and the severity of which is immeasurable. The prospect of this disaster is a national danger, and our object should be to secure a Government with strength and authority to avert it. For this purpose it is essential to support the policy of economy and sound finance... [T]he position of finance and currency is the national danger: that economy and sound finance and the national crisis should be the paramount issue put before the country. If this is done, I have no doubt that the steady, strong sense of the national character can be relied on to save the country.

If it be asked, What is the most sacred duty and the greatest source of our security in a Republic? The answer would be, An inviolable respect for the Constitution and Laws — the first growing out of the last... A sacred respect for the constitutional law is the vital principle, the sustaining energy of a free government.

Amongst the great and numerous dangers to which this country, and particularly the monarchy, is exposed in consequence of the enormous public debt, the influence, the powerful and widely-extended influence, of the monied interest is, perhaps, the most to be dreaded, because it necessarily aims at measures which directly tend to the subversion of the present order of things...I mean an interest hostile alike to the land-holder and to the stockholder, to the colonies, to the real merchant, and to the manufacturer, to the clergy, to the nobility and to the throne; I mean the numerous and powerful body of loan-jobbers, directors, brokers, contractors and farmers-general, which has been engendered by the excessive amount of the public debt, and the almost boundless extension of the issues of paper-money.

Republicans have taken the stand that economic opportunity is central to the American ideal and that it is the government's responsibility to make it possible for everyone to rise.

Public Virtue cannot exist in a Nation without private, and public Virtue is the only Foundation of Republics. There must be a possitive Passion for the public good, the public Interest, Honour, Power, and Glory, established in the Minds of the People, or there can be no Republican Government, nor any real Liberty. And this public Passion must be Superiour to all private Passions.47 This was about as succinct an example as exists of the influence of the classical model on the thinking of the Revolutionary generation.

Since virtue and equality are the soul of the republic, and that your aim is to found, to consolidate the republic, it follows, that the first rule of your political conduct should be, to let all your measures tend to maintain equality and encourage virtue, for the first care of the legislator should be to strengthen the principles on which the government rests. Hence all that tends to excite a love of country, to purify manners, to exalt the mind, to direct the passions of the human heart towards the public good, you should adopt and establish.

[C]ommon sense is the most valuable of political virtues.

We reaffirm that there remain four dangers facing the nation that the Party has already warned of. They have developed in a complex, interconnected and mutually-influenced manner. None of them can be ignored but particular attention should be paid to the danger of lagging further behind in economic development and the danger of corruption, bureaucracy, and moral degradation of not a small number of Party cadres and members.

The true foundation of republican government is the equal right of every citizen, in his person and property, and in their management. Try by this, as a tally, every provision of our constitution, and see if it hangs directly on the will of the people. Reduce your legislature to a convenient number for full, but orderly discussion. Let every man who fights or pays, exercise his just and equal right in their election.

Son of the Republic, what you have seen is thus interpreted: Three great perils will come upon the Republic. The most fearful for her is the third. But the whole world united shall not prevail against her. Let every child of the Republic learn to live for his God, his land and Union.

The economic issues are most vital for us and it is of the highest importance that we should fight our biggest enemies – Poverty, unemployment. Whether it is agriculture or industrial development, or for that matter, development in other fields, the basic fact remains – that it would serve the largest number of our people.

There is nothing which I dread so much as a division of the republic into two great parties, each arranged under its leader, and concerting measures in opposition to each other. This, in my humble apprehension, is to be dreaded as the greatest political evil under our Constitution.