The President's News Conference
10/06/1931
https://www.presidency.ucsb.edu...
I propose that the treaty number and tonnage of battleships shall be reduced by one-third.
I am glad to see the adoption by both the Senate and the House of the principle of generous relief to unemployment.
The reductions must be real and positive.
This reduction should be carried out not only by broad general cuts in armaments but by increasing the comparative power...