Woodrow Wilson: “We are not theorists in this matter.”

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 do not believe that they should be accorded indirectly.

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