the Treasury of one of the
Allied powers, who had no reason to be too friendly to the American
director of relief, for Hoover had often to oppose the policies of this
power in the Paris councils, has recently written of him: "Mr. Hoover
was the only man who emerged from the ordeal of Paris with an enhanced
reputation. This complex personality, with his habitual air of weary
Titan (or, as others might put it, of exhausted prizefighter), his eyes
steadily fixed on the true and essential facts of the European
situation, imported into the Councils of Paris, when he took part in
them, precisely that atmosphere of reality, knowledge, magnanimity, and
disinterestedness, which, if they had been found in other quarters also,
would have given us the Good Peace."]

APPENDICES

APPENDIX I

STATEMENT GIVEN TO THE PRESS BY U. S. FOOD ADMINISTRATOR HOOVER ON
NOVEMBER 12, 1918 (THE DAY AFTER THE ARMISTICE BEGAN), CONCERNING THE
RESULTS OF FIFTEEN MONTHS OF FOOD ADMINISTRATION

With the war effectually over we enter a new economic era, and its
immediate effect on prices is difficult to anticipate. The maintenance
of the embargo will prevent depletion of our stocks by hungry Europe to
any point below our necessities, and anyone who contemplates speculation
in food against the needs of these people can well be warned of the
prompt action of the government. The prices of some food commodities may
increase, but others will decrease, because with liberated shipping
accumulated stocks in the Southern hemisphere and the Far East will be
available. The demands upon the United States will change in character
but not in volume.

The course of food prices in the United States during the last fifteen
months is of interest. In general, for the first twelve months of the
Food Administration the prices to the farmer increased, but decreased to
the consumer by the elimination of profiteering and speculation. Due to
increases in wages, transportation, etc., the prices have been
increasing during the last four months.

The currents which affect food prices in the United States are much less
controlled than in the other countries at war. The powers of the Food
Administration in these matters extend:

First, to the control of profits by manufacturers, wholesalers and
dealers, and the control of speculation in foodstuffs. They do not
extend to the control of the great majority of retailers, to public
eating places, or the farmer, except