Woodrow Wilson: “I am never afraid that the United States will fail to perform its international obligations.”

We have been vigorously building up a great merchant marine and providing for improvement of marketing in foreign countries by the passage of an export trade law.

I am not convinced that the method proposed is wise, that the benefits, if any, would offset the evils which would result, or that the same or larger advantages cannot be secured without resort to Government intervention.

We shall not witness an immediate satisfactory adjustment of domestic and international trade relations.

For many months there has been a demand that war agencies should be abolished and that there should be less Government interference with business.