Herbert Hoover: “The flash has just come in that Managua, the capital of Nicaragua, has been destroyed by an earthquake and is now…”

We cannot restore employment in the United States by these methods.

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.

The reductions must be real and positive.

I propose that the arms of the world should be reduced by nearly one-third.