"The Joint Legislative Committee, established by the Revenue Act of 1926, has been particularly helpful to the Treasury Department. The members of that Committee have generously consulted with administrative officials, not only on broad questions of policy but on important and difficult tax cases. On the basis of these studies and of other studies conducted by officials of the Treasury, I am able to make a number of suggestions of important changes in our policy of taxation. These are based on the broad principle that if a government is to be prudent its taxes must produce ample revenues without discouraging enterprise; and if it is to be just it must distribute the burden of taxes equitably. I do not believe that our present system of taxation completely meets this test. Our revenue laws have operated in many ways to the unfair advantage of the few, and they have done little to prevent an unjust concentration of wealth and economic power."

“We Americans of today, together with our allies, are passing through a period of supreme test. It is a test of our courage — of our resolve — of our wisdom — our essential democracy. If we meet that test — successfully and honorably — we shall perform a service of historic importance which men and women and children will honor throughout all time. As I stand here today, having taken the solemn oath of office in the presence of my fellow countrymen — in the presence of our God — I know that it is America's purpose that we shall not fail.”

“Be sincere, be brief, be seated.”

“I have seen war. I have seen war on land and sea. I have seen blood running from the wounded. I have seen men coughing out their gassed lungs. I have seen the dead in the mud. I have seen cities destroyed. I have seen two hundred limping exhausted men come out of line-the survivors of a regiment of one thousand that went forward forty-eight hours before. I have seen children starving. I have seen the agony of mothers and wives. I hate war.”

“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.”

“I'm just afraid that I may not have the strength to do this job. After you leave me tonight, Jimmy, I am going to pray. I am going to pray that God will help me, that he will give me the strength and the guidance to do this job and to do it right. I hope that you will pray for me, too, Jimmy.”

“We must scrupulously guard the civil rights and civil liberties of all our citizens, whatever their background. We must remember that any oppression, any injustice, any hatred, is a wedge designed to attack our civilization.”