We shall not witness an immediate satisfactory adjustment of domestic and international trade relations.

I am returning without my signature, Senate Joint Resolution 212, 'Joint Resolution directing the War Finance Corporation to take certain action for the relief of the present depression in the agricultural sections of the country, and for…

I am in full sympathy with every sound proposal to promote foreign trade along sound business lines.

For many months there has been a demand that war agencies should be abolished and that there should be less Government interference with business.

It waits with acquiescence, in the first place, for laws which will effectively prohibit and prevent such interlocking of the personnel of the directorates of great corporations—banks and railroads, industrial, commercial and public…

The soundness of the principle embodied in Section io seems generally to be admitted.

Such records, files, reports, copies of contracts, correspondence, and proceedings transferred under this order, and such personnel detailed or assigned thereunder, as are stated in a written notice to the Secretary of the Federal Trade…

The said United States Fuel Administration is hereby authorized to procure information in reference to the business of coal and coke producers and distributors in the manner provided for in Sections 6 and 9 of the Act of Congress approved…

The authorization granted to the United States Fuel Administration and the United States Fuel Administrator by paragraph 5 of the executive order of July 3, 1918, was and is terminated as of January 1st, 1920, and the said powers were and…

Three and a half million children are facing starvation in Central Europe.

Ten dollars contributed through the European Relief Council will save the life of one child.

I shall adopt twenty of these children as my own temporary wards.

I suggest to my fellow-countrymen that the circles around their Christmas trees will be incomplete unless, mingled with their own expectant children, they shall visualize some of the waifs of Central Europe.

A court shall not, by a single sentence which does not include dishonorable discharge, adjudge against a soldier:

Dishonorable discharge, in itself a severe punishment, should be adjudged and approved only when it is clear that the accused should be separated from the service.

The reviewing authority should suspend the whole of a sentence when it appears to him that such action will promote the discipline of his command.

Provided that the enjoyment by any work of the rights and benefits conferred by the Copyright Act of March 4, 1909, and the acts amendatory thereof, including the Act of December 18, 1919, shall be conditional upon compliance with the…

Copyright shall include the special benefit of Section 1 (e) of the Copyright Act of March 4, 1909, namely copyright controlling the parts of instruments serving to reproduce mechanically the musical work.

Nothing in this proclamation shall be construed to abrogate or limit any rights and benefits conferred under the reciprocal arrangements with Denmark heretofore proclaimed.

It now gives me pleasure to lay before the Congress, for its information, a statement of all the expenditures of the American commission to negotiate peace for the entire period of its existence from December 1, 1918, to December 31, 1919.

It is hereby ordered, under authority found in the act of June twenty-first, nineteen hundred and six

The nation's gratitude must be effectively revealed to them by the most ample provision for their medical care and treatment as well as for their vocational training and placement.

Simplification of the income and profits taxes has become an immediate necessity.

By this faith, and by this faith alone, can the world be lifted out of its present confusion and despair.

I earnestly suggest that the Congress authorize the Treasury of the United States to make to the struggling government of Armenia such a loan as was made to several of the Allied governments during the war.