President Wilson in his Message to Congress on Tuesday did
sot refer to the Peace Treaty, but dealt with economic questions. Ile expressed the belief that the causes of the general unrest were superficial rather than deep-seated, and arose in part from the delay in the conclusion of peace by America. He declared that, if America wished to export more, she must do nothing to discourage imports, and must adjust her policy to the new situation in which " America is the greatest capitalist in the world." He recommended fair treatment both for Labour and for Capital. In regard to taxation, he warned Congress that unduly high taxes on income and profits tended to discourage enterprise and to produce stagnation. He denounced the advocates of " direct action " as the enemies of their country.