Woodrow Wilson: “Nothing chills folly like exposure to the air.”

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.

We shall not witness an immediate satisfactory adjustment of domestic and international trade relations.

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

The burdens of war are not lifted when the fighting ceases.