Woodrow Wilson: “You can not trade with a man who does not trust you, and you will not trade with a man whom you do not trust.”

Actual relief can come only from the adoption of constructive measures of a broader scope, from the restoration of peace everywhere in the world.

If there ever was a time when America had anything to fear from foreign competition, that time has passed.

I herewith call your attention to an agreement with Belgium made by the British and French Premiers and myself.

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.