White House Statement on Discussions With Prime Minister Laval
10/22/1931
https://www.presidency.ucsb.edu...
The armaments of the world have grown up in general mutual relation to each other.
This reduction should be carried out not only by broad general cuts in armaments but by increasing the comparative power...
We have no desire for offensive armament.
That the validity of a passport . . . shall be limited to a period of two years.