Woodrow Wilson: “There can be no easy or normal industrial credits because there can be no confident or permanent revival of business.”

A recommendation at this time that suitable legislative action should be taken may appear somewhat premature, but in view of the approaching termination of my administration I have brought this matter to your attention, hoping that…

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

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

The price of wheat is a world price; and it is a matter of little moment whether the Canadian wheat goes directly into the markets of the other countries of the world or indirectly through this country.