Woodrow Wilson: “I have been very much touched by the generous terms of the address which you have just read.”

One does not pay a compliment to the American farmer who attempts to alarm him by dangers from foreign competition.

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.

A recommendation at this time that suitable legislative action should be taken may appear somewhat premature, but in view of the approaching termination of my administration I have brought this matter to your attention, hoping that…