Woodrow Wilson actually said...
I further hereby vest in the Secretary of the Treasury the power and authority to issue at any time, upon such terms and conditions as the Secretary of the Treasury may deem proper and as are not inconsistent with law, or to refuse, a license to any foreign insurance company to do business within the United States through agencies, branch offices, or otherwise.
Context
Executive Order 2770—Vesting Power and Authority in Designated Officers and Making Rules and Regulations Under the Trading...
12/06/1917