I believe we should be conservative. I believe we should conserve on everything that is basic to our system. We should be dynamic in applying it to the problems of the day so that all 163 million Americans will profit from it.

In attempting to summarize the philosophy of the Republican Party I, myself, have sometimes used such phrases as moderate progressive and dynamic conservative, because we want to be known for what we are, the party of progress. And if we are the party of progress, we must be the party of peace and prosperity, because this is implicit in the term "progress."

The adherence to conservative principles in the finances of the Government, in the relationship of the Government to the individual, to the State and to the locality... do demand different actions on the part of Government than were so in the past. Now that is what I am trying to do, and I will keep trying.

In many ways, from cutting budget, reducing expenses, keeping down, for example, in every field that I know, we have tried to be on the conservative, middle-of-the-road side. But that has not apparently been publicized sufficiently.

We are many things. We are liberal - for we do believe that, in judging his own daily welfare, each citizen, however humble, has greater wisdom than any government, however great.

Let's do in the federal Government only those things that people themselves cannot do at all, or cannot so well do in their individual capacities.