Woodrow Wilson: “Yet without such conclusions, without single and prompt purposes, government cannot be carried on.”

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

Each of the undersigned will recommend to the appropriate governmental agency of his Government that upon the delivery to the Reparation Commission of such bonds his Government accept an amount thereof corresponding to the sums which…

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

I am not convinced that the method proposed is wise, that the benefits, if any, would offset the evils which would result, or that the same or larger advantages cannot be secured without resort to Government intervention.