Herbert Hoover: “Individuals who use the facilities of the exchange for such purposes are not contributing to recovery of the United…”

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

The reductions must be real and positive.

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

Executive Order No. 4610, approved March 10, 1927, as amended by Executive Order No. 4833, March 19, 1928, and by Executive Order No. 5001, November 23, 1928, is revoked effective July 1, 1932.