Provision was also made for the distribution of Germany’s foreign assets among the Allies.

Power intoxicates men. It is never voluntarily surrendered. It must be taken from them.

Friendship without self-interest is one of the rare and beautiful things of life.

Too many people are thinking of security instead of opportunity. They seem to be more afraid of life than death.

The American people want peace. They have long since ceased to talk of a hard or a soft peace for Germany.

Most of the victims of Nazi aggression were before the war less well off than Germany. They should not be expected by Germany to bear, unaided, the major costs of Nazi aggression.

Provision was also made for the distribution of Germany's foreign assets among the Allies.

The carrying out of the Potsdam Agreement has, however, been obstructed by the failure of the Allied Control Council to take the necessary steps to enable the German economy to function as an economic unit.

The conditions which now exist in Germany make it impossible for industrial production to reach the levels which the occupying powers agreed were essential for a minimum German peacetime economy.

The German people were not denied, however, the possibility of improving their lot by hard work over the years. Industrial growth and progress were not denied them.