Herbert Hoover: “It would not secure the reduction of one single ton--any of the pacts that have been suggested.”

The details of this estimate, the necessity therefor, and the reason for its transmission at this time are set forth in the letter of the Director of the Bureau of the Budget transmitted herewith, with whose comments and observations…

It was unfortunate also that the provision for agricultural relief through the Reconstruction Corporation was omitted.

In order to avoid the confusion arising from the fact that there is a national park and a national forest in the State of Virginia bearing the same name, that is 'Shenandoah,' it is hereby ordered that the name of the 'Shenandoah National…

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.