The President's News Conference
04/08/1929
https://www.presidency.ucsb.edu...
It is folly for the world to go on breaking its back over military expenditure, and the United States is willing to take...
The details of this estimate, the necessity therefor, and the reason for its transmission at this time are set forth in ...
One never makes a statement like that.
This order shall be effective from July 1, 1932.