A long record has been written. In that record, both in this State and in the national capital, you will find a simple, clear and consistent adherence not only to the letter, but to the spirit of the American form of government.

This [New York] is the city of dreamers and time and again it's the place where the greatest dream of all, the American dream, has been tested and has triumphed.

As with our military potential, our economic assets are more than equal to the task. Our independent farmers produce an abundance of food and fibre. Our free workers are versatile, intelligent, and hardworking. Our businessmen are imaginative and resourceful. The productivity, the adaptability of the American economy is the solid foundation-stone of our security structure.

Prophets of the downfall of American democracy have seen their dire predictions come to naught.

Now all of us deplore this vast military spending. Yet, in the face of the Soviet attitude, we realize its necessity. Whatever the cost, America will keep itself secure. But in the process we must not, by our own hand, destroy or distort the American system. This we could do by useless overspending. I know one sure way to overspend. That is by overindulging sentimental attachments to outmoded military machines and concepts.

The best customer of American industry is the well paid worker.