11/15/1934
https://www.presidency.ucsb.edu...
"Commerce on the high seas and freedom of the seas has been a major reason for our prosperity."
"There must be liberty, world-wide and eternal."
"therefore, by virtue of and pursuant to the authority vested in me by section 9 of the act of August 29, 1916, 39 Stat. 547"
"Oh, absolutely and clearly."