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— William Howard Taft"The truth is, the whole administration under Roosevelt was demoralized by the system of dealing directly with subordinates. It wasobviated in the State Department and the War Department under [Secretary of State Elihu] Root and me [Taft was the Secretary of War], because we simply ignored the interference and went on as we chose.... The subordinates gained nothing by his assumption of authority, but it was not so in the other departments."
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The diplomacy of the present administration has sought to respond to the modern idea of commercial intercourse. This policy has been characterized as substituting dollars for bullets.
— William Howard Taft
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One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.
— William Howard Taft
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