Woodrow Wilson: “I further hereby vest in the Federal Trade Commission the power and authority to issue licenses.”

In recommending to you that Congress take appropriate action with regard to this agreement, certain facts should be brought to your attention.

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

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

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