Herbert Hoover actually said...
The real issue in the treaty is whether we shall stop competitive naval building with all the destruction and the dangers to international good will that the continuation of that course implies; whether we shall spend an enormous sum in such a race in an endeavor to catch up with our competitors, with no assurance that we will be successful; and whether the present agreement gives us a substantial parity and a proportionate strength, and therefore, together with our army, gives us absolute defensive power; and whether it accomplishes this by an agreement which makes for good will, for decrease in naval armament of the world, and puts our program of naval renewals and cruiser construction at a cost far less than would otherwise be required.
06/12/1930