Calvin Coolidge actually said...

"It is a notice to everybody that the authority of our Government will be maintained."

"We expect to provide ourselves with reasonable protection, but we do not desire to enter into competition with any other country in the maintenance of land or sea forces."

"Our Government stands also thoroughly committed to the policy of avoiding competition in armaments."

"In time the damage can be repaired, but there are irreparable losses which will go on forever."