Price of democracy is based on being more willing than Nazis to sacrifice; refers to debate on Lend-Lease in Senate; still thinks we should try for peace through preparedness; aid to Britain in our own self-interest; we appreciate freedoms afresh, know they must be purchased afresh by hard thinking and self discipline of each new generation; no master race; we can't live peacefully in world dominated by Nazism; only hope of peace is to keep England from being destroyed by Nazis; Pan American solidarity important; wisdom of our action during first three years of peace will determine the course of world history for half a century; out of suffering and turmoil will survive all that is noble and spiritual in man.