Woodrow Wilson: “I cannot assure the country of a successful Administration of the Treasury in 1918 if the question of further taxation…”

I return herewith, without my approval, House joint resolution No. 440.

The burdens of war are not lifted when the fighting ceases.

I regret that I am not able to see in the condition of the world at large or in the needs of the United States any such change as would justify the restriction upon that minimum which is proposed by the House Joint Resolution.

It waits with acquiescence, in the first place, for laws which will effectively prohibit and prevent such interlocking of the personnel of the directorates of great corporations—banks and railroads, industrial, commercial and public…