Excerpts from the Press Conference
03/22/1934
https://www.presidency.ucsb.edu...
The steps so taken by the Government of the United States are taken in full recognition of the sovereignty and independence of Iceland.
The people of Iceland hold a proud position among the democracies of the world, with a historic tradition of freedom and of individual liber...
This Government will insure the adequate defense of Iceland with full recognition of the independence of Iceland as a sovereign state.
I must take all necessary measures to ensure the safety of the Western Hemisphere.