Herbert Hoover: “I am happy to note the very great change which is evident in the credit situation since the announcement of financial…”

Executive Order No. 4610, approved March 10, 1927, as amended by Executive Order No. 4833, March 19, 1928, and by Executive Order No. 5001, November 23, 1928, is revoked effective July 1, 1932.

I propose that the treaty number and tonnage of battleships shall be reduced by one-third.

While these features in the Wagner and the Garner bills are not in the form and are not as well safeguarded as they should be, they are in line with major objectives I have been advocating.

I earnestly hope that this may be done.