We should, by this act of willingness to join with others in limiting our arms, have dismissed from the mind of the world any notion that the United States entertains ideas of aggression, or imperial power, or exploitation of other nations.

It will renew again the faith of the world in the moral forces of good will and patient negotiation as against the blind forces of suspicion and competitive armament.

It will mark a further long step toward lifting the burden of militarism from the backs of mankind and speed forward the march of world peace.

What the amount may be cannot be determined until we have completed our investigation.

The increased Army expenditures are due to the aviation program and to rebuilding quarters.

I am confident that we can make a very large cut in this 209 million of increase so as to protect us against a fall in revenues.

The Cabinet members and heads of independent agencies have undertaken a searching inquiry into every branch of the Government as to methods by which economies may be brought about for the present fiscal year without interfering in the…

I am confident that we will find measures for very considerable reductions of actual outlay below the amounts appropriated.

The increased naval expenditure is due to the expanded aviation, the new cruiser construction, and the Capital ship replacement programs.

Including the estimated postal deficit the total budget estimates of expenditures for the present fiscal year are $4,203,254,457, as compared with actual expenditures for the last fiscal year of $3,994,152,487, or an increase of…

The public works expenditure here given embraces rivers and harbor improvement, flood control, Boulder Dam, public buildings, public roads, etc.