Woodrow Wilson: “It marks a most hopeful and decided advance in international civilization.”

I am in full sympathy with every sound proposal to promote foreign trade along sound business lines.

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.

I do not believe that they should be accorded indirectly.

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…