Woodrow Wilson: “There is hardly a single raw material, a single important foodstuff, a single class of manufactured goods which is not…”

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

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

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.

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