I believe in a graduated income tax on big fortunes, and in . . . a graduated inheritance tax on big fortunes, . . . increasing rapidly in amount with the size of the estate.
The great corporations which we have grown to speak of rather loosely as trusts are the creatures of the State, and the State not only has the right to control them, but it is duty bound to control them wherever the need of such control is shown.
In speaking to you men of the greatest city of the West, men of the state which gave to the country Lincoln and Grant, men who preeminently and distinctly embody all that is most American in the American character, I wish to preach not the doctrine of ignoble ease, but the doctrine of the strenuous life.
We face the future with our past and our present as guarantors of our promises; and we are content to stand or to fall by the record which we have made and are making.
The true Christians are the true citizens, lofty of purpose, resolute in endeavor, ready for a hero's deeds, but never looking down on their task because it is cast in the day of small things; scornful of baseness, awake to their own duties as well as to their rights, following the higher law with reverence, and in this world doing all that in their power lies, so that when death comes they may feel that humanity is in some degree better because they lived.
The liar is no whit better than the thief, and if his mendacity takes the form of slander he may be worse than most thieves. It puts a premium upon knavery untruthfully to attack an honest man, or even with hysterical exaggeration to assail a bad man with untruth.
For us is the life of action, of strenuous performance of duty; let us live in the harness, striving mightily; let us rather run the risk of wearing out than rusting out.
No nation deserves to exist if it permits itself to lose the stern and virile virtues; and this without regard to whether the loss is due to the growth of a heartless and all-absorbing commercialism, to prolonged indulgence in luxury and soft, effortless ease, or to the deification of a warped and twisted sentimentality.