Woodrow Wilson: “The cost of living at present is a world condition.”

In recommending to you that Congress take appropriate action with regard to this agreement, certain facts should be brought to your attention.

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

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

Such a policy is antagonistic to the fundamental principle of equal and exact justice to all.