Woodrow Wilson: “There is a method of adjustment in that treaty by which the reparation shall not be pressed beyond the point which…”

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.

We have been vigorously building up a great merchant marine and providing for improvement of marketing in foreign countries by the passage of an export trade law.