Woodrow Wilson: “This withdrawal is subject to all prior valid and existing rights and claims of any persons, and to all prior orders…”

The price of wheat is a world price; and it is a matter of little moment whether the Canadian wheat goes directly into the markets of the other countries of the world or indirectly through this country.

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.

A recommendation at this time that suitable legislative action should be taken may appear somewhat premature, but in view of the approaching termination of my administration I have brought this matter to your attention, hoping that…

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