Woodrow Wilson: “Licenses heretofore required for the importation, manufacture, storage or distribution of certain necessaries are hereby…”

Clearly, this is no time for the erection here of high trade barriers.

The price of wheat is a world price; and it is a matter of little moment whether the Canadian wheat goes directly into the markets of the other countries of the world or indirectly through this country.

I herewith call your attention to an agreement with Belgium made by the British and French Premiers and myself.

If there ever was a time when America had anything to fear from foreign competition, that time has passed.