I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world - no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.
Great statesmen seem to direct and rule by a sort of power to put themselves in the place of the nation over which they are set, and may thus be said to possess the souls of poets at the same time they display the coarser sense and the more vulgar sagacity of practical men of business.
We want the spirit of America to be efficient; we want American character to be efficient; we want American character to display itself in what I may, perhaps, be allowed to call spiritual efficiency - clear disinterested thinking and fearless action
They do not need our praise. They do not need that our admiration should sustain them. There is no immortality that is safer than theirs. We come not for their sakes but for our own, in order that we may drink at the same springs of inspiration from which they themselves drank.
No one who has read official documents needs to be told how easy it is to conceal the essential truth under the apparently candid and all- disclosing phrases of a voluminous and particularizing report.
I am not one of those who believe that a great standing army is the means of maintaining peace, because if you build up a great profession those who form parts of it want to exercise their profession.
We are provincials no longer. The tragic events of the 30 months of vital turmoil through which we have just passed have made us citizens of the world. There can be no turning back.
Just what is it that America stands for? If she stands for one thing more than another, it is for the sovereignty of self-governing people, and her example, her assistance, her encouragement, has thrilled two continents in this western world with all those fine impulses which have built up human liberty on sides of the water. She stands, therefore, as an example of independence, as an example of free institutions, and as an example of disinterested international action in the main tenets of justice.