Woodrow Wilson: “The world will never be the same again after this war is over.”

Clearly, this is no time for the erection here of high trade barriers.

I am in full sympathy with every sound proposal to promote foreign trade along sound business lines.

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.

On this principle the Treaty of Versailles (Art. 232) provided that in accordance with Germany's pledges already given as to the complete restoration for Belgium, Germany should undertake, in addition to the compensation for material…