Landlords have no nationality; their characteristics are cosmopolitan. - David Lloyd George

We have had two Baldwin Governments... The mischief they have done not merely remains, but continues to spread. That terrible debt settlement—we are only now beginning to realise what it means. We were lassoed fast to American finance. What is the result? We have been dragged over the course by the wild horses of Wall Street. That gold standard settlement—premature, ill thought out. (A voice.—"No.") My friend there will never go into the new Jerusalem unless he is quite sure the golden gates are there and that the streets are really paved with the gold standard. (Laughter.) It is rather a mockery for our export trade to be kicked down the ladder, even with golden slippers. (Laughter.)

The prospect of Liberalism is a prospect of enduring service of a high order for the nation and for this generation. Office, power, and emoluments are not everything for a party. If they were, then faith would be a vain thing indeed for multitudes of men and women. When the history of these times comes to be written it will be recorded that in these days Liberalism stood between Britain and irretrievable blunder; that, but for Liberalism, this great country would have been consigned to the degradation of that most selfish and sordid aspect of nationalism which is represented by the haggling, grasping, clawing of tariffs. That, I think, we should be able with wisdom to save the nation from.

Toryism would confiscate, in the interests of a private monopoly, the produce of the industry, the toil, the capital, the risk and the effort of others. Socialism would also confiscate, in the interests of a State monopoly, the efforts of the individual. Liberalism stands for a free opportunity for the individual to do the best for himself and the nation.