Excerpts of the President's News Conference
02/14/1924
https://www.presidency.ucsb.edu...
I do know in a general way that the amount of securities in this country has increased very largely in recent years.
I think it is safe to say that both the Army and the Navy are in better shape than they ever were before in time of peace.
Congress is disposed to be very liberal in providing for national defense.
My budget estimates for the present year are creeping up towards $100,000,000 more for national defense for the War Department and the Navy ...