The President's News Conference
06/12/1930
https://www.presidency.ucsb.edu...
This reduction should be carried out not only by broad general cuts in armaments but by increasing the comparative power...
The time has come when we should cut through the brush and adopt some broad and definite method of reducing the overwhel...
No such suggestion has ever been made by any American official.
This order shall be effective from July 1, 1932.