Woodrow Wilson: “I can find in the Constitution no warrant for the exercise of this power by the Congress.”

The authorization granted to the United States Fuel Administration and the United States Fuel Administrator by paragraph 5 of the executive order of July 3, 1918, was and is terminated as of January 1st, 1920, and the said powers were and…

Each of the undersigned will recommend to the appropriate governmental agency of his Government that upon the delivery to the Reparation Commission of such bonds his Government accept an amount thereof corresponding to the sums which…

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.

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.