Woodrow Wilson: “My own feeling, ladies and gentlemen, is that it is a pity that this is a campaign year.”

It waits with acquiescence, in the first place, for laws which will effectively prohibit and prevent such interlocking of the personnel of the directorates of great corporations—banks and railroads, industrial, commercial and public…

In my opinion the legislation proposed is not in the public interest and is objectionable.

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

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…