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."

I believe that a political party, to be a useful agency in this country for the promotion of the happiness of our people, must be a progressive, dynamic force; it must have a doctrine, a program, legislative and otherwise, that is; moderate in its approach, avoiding extremes of right and left.

Since the institution of slavery was so important to the economic development of America, it had a profound impact in shaping the social-political-legal structure of the nation. Land and slaves were the chief forms of private property, property was wealth and the voice of wealth made the law and determined politics.

Wise and prudent men - intelligent conservatives - have long known that in a changing world worthy institutions can be conserved only by adjusting them to the changing time.

Sometimes the threat to popular government comes from political interests, sometimes from economic interests, sometimes we have to beat off all of them together.

In our personal ambitions we are individualists. But in our seeking for economic and political progress as a nation, we all go up or else all go down as one people.