Increased Wages, Higher Pensions, More Unemployment Insurance,

Nothing Did More To Spur The Boom In Stocks Than The Decision Made By The New York Federal Reserve Bank, In The Spring Of 1927, To Cut The Rediscount Rate. Benjamin Strong, Governor Of The Bank, Was Chief Advocate Of This Unwise Measure, Which Was Taken Largely At The Behest Of Montagu Norman Of The Bank Of England....at The Time Of The Banks Action I Warned Of Its Consequences....i Felt That Sooner Or Later The Market Had To Break.

Government Is Not A Substitute For People, But Simply The Instrument Through Which They Act. And If The Individual Fails To Do His Duty As A Citizen, Government Becomes A Very Deadly Instrument Indeed.

Never Answer A Critic, Unless He's Right.

Buy Straw Hats In The Wintertime. Summer Will Surely Come.

Increased Wages, Higher Pensions, More Unemployment Insurance, All Are Of No Avail If The Purchasing Power Of Money Falls Faster.