Radio Address on the Hoarding of Currency.
03/05/1932
https://www.presidency.ucsb.edu...
Our Army, including the National Guard and all other reserves, has already been reduced much below the European standard...
The armaments of the world have grown up in general mutual relation to each other.
We have no desire for offensive armament.
I do so with the deepest regret because of the distinguished service you have rendered and the fine place you have been ...