I firmly believe in the principle that an individual debtor should at all times have access to the creditor.

The indebtedness to our Government has no relation whatsoever to reparations payments made or owed to them.

We are all brothers now, brothers in a new understanding.

Today, we have many means of knowing each other—means that at last have sounded the doom of sectionalism.

There developed the problem of self-contained territories because the Nation's expansion exceeded its development of means of transportation.

Surely, all this is holy ground.

I have determined that such transfer of the disbursing functions... would adversely affect the operation of our military and naval forces in time of emergency and would not be in the public interest.

this Government will make it clear that it not only opposes the policy of armed intervention, but that it renounces those rights of intervention and interference in Cuba.

It is ordered that the above-quoted provision of section 4 of Executive Order No. 6166 of June 10, 1933, be, and it is hereby, revoked insofar as and to the extent that it is applicable to the disbursing functions under the jurisdiction of…

the definite policy of the United States from now on is one opposed to armed intervention.

It is ordered that a division which shall be known as the Division of Territories and Island Possessions be, and it is hereby, established in the Department of the Interior.

Enforcement of this provision at this time will produce a serious condition among many thousands of families in the Philippine Islands.

I have found that the prohibition of the sale of arms and munitions of war in the United States to those countries now engaged in armed conflict in the Chaco may contribute to the reestablishment of peace between those countries.

It is, of course, wholly clear that the intent of the Congress by this provision was to exempt from import duty 448,000,000 pounds of coconut oil from the Philippines.

No effort has been made to work out some form of compromise which would be less unjust to the Philippine people.

This action was of course directly contrary to the intent of the provision in the Independence Act cited above.

I am signing an order today which carries these principles into effect as to some of the so-called service industries.

No industry would give up the gains we have made in the elimination of child labor and in the establishment of minimum wages and maximum hours of labor.