Excerpts from the Press Conference
08/25/1941
https://www.presidency.ucsb.edu...
I hereby direct the Secretary of the Navy to terminate and relinquish, on or before the fifteenth day following the date...
By virtue of and pursuant to the authority vested in me by section 20 of the act of June 10, 1922.
This year we give as well in necessity—necessity for our own.
I have given my approval to S. 340, the insurance bill, which passed the Congress last week.