Woodrow Wilson: “There must be, not a balance of power, but a community of power; not organized rivalries, but an organized common peace.”

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…

Actual relief can come only from the adoption of constructive measures of a broader scope, from the restoration of peace everywhere in the world.

Very little reflection would lead any one to conclude that the measure would not furnish in any substantial degree the relief sought by the producers of most of the staple commodities which it covers.

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