Herbert Hoover: “This order shall become effective July 1, 1931.”

This reduction should be carried out not only by broad general cuts in armaments but by increasing the comparative power of defense through decreases in the power of the attack.

I am glad to see the adoption by the Senate and House of the principle of generous relief to unemployment.

There is another phase of the bill as passed which is disheartening.

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