Woodrow Wilson: “This order shall take effect on and after this date.”

Very little reflection would lead any one to conclude that the measure would not furnish in any substantial degree the relief sought by the producers of most of the staple commodities which it covers.

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.

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