The President's News Conference
06/23/1932
https://www.presidency.ucsb.edu...
The reductions must be real and positive.
Under authority of the act of Congress approved June 4, 1897 (30 Stat. 11, 36; U.S. Code, title 16, sec. 473), and on th...
This reduction should be carried out not only by broad general cuts in armaments but by increasing the comparative power...
This order shall be effective from July 1, 1932.