Woodrow Wilson: “America is less exhausted by the recent war than the other belligerents; she is not exhausted at all.”

The price of wheat is a world price; and it is a matter of little moment whether the Canadian wheat goes directly into the markets of the other countries of the world or indirectly through this country.

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

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

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.