On the recordMay 2, 1930
The Tariff Commission has estimated the cost of the plan to the Treasury, if put into operation and on the basis of present exports, at about $280,000,000 per annum.
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presidency.ucsb.eduThe Tariff Commission has estimated the cost of the plan to the Treasury, if put into operation and on the basis of present exports, at about $280,000,000 per annum.
Letter to the House Majority Leader on the Export Debenture Plan of Farm Relief.
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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.
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.