Statement on the Hoarding of Currency
02/02/1932
https://www.presidency.ucsb.edu...
I propose that the arms of the world should be reduced by nearly one-third.
All bombing planes to be abolished.
This reduction should be carried out not only by broad general cuts in armaments but by increasing the comparative power...
Our Army, including the National Guard and all other reserves, has already been reduced much below the European standard...