I have the honor to transmit herewith for the consideration of Congress an estimate of appropriation for the Treasury Department for $125,000,000, for the fiscal year 1932 and to remain available until expended, for subscriptions to capital stock, Federal land banks.
Letter to the Speaker of the House Transmitting an Estimate of Appropriations for Federal Land Banks
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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.
We must make headway against the mutual fear and friction arising out of war armament which kill human confidence throughout the world.
It is not intended by this order to give any publicly owned lands a national-forest status which have hitherto not had such status, nor to remove any publicly owned lands from a national-forest status.
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