Gentlemen Prefer Bonds.

If The Spirit Of Business Adventure Is Dulled, This Country Will Cease To Hold The Foremost Position In The World.

I See Nothing In The Present Situation That Is Either Menacing Or Warrants Pessimism... I Have Every Confidence That There Will Be A Revival Of Activity In The Spring, And That During This Coming Year The Country Will Make Steady Progress.

Liquidate Labor, Liquidate Stocks, Liquidate The Farmers, Liquidate Real Estate. It Will Purge The Rottenness Out Of The System. High Costs Of Living And High Living Will Come Down. People Will Work Harder, Live A More Moral Life. Values Will Be Adjusted, And Enterprising People Will Pick Up From Less Competent People.

The Government's Business Is In Sound Condition.

Liquidate Labor, Liquidate Stocks, Liquidate The Farmers, Liquidate Real Estate.