Excerpts of the President's News Conference
10/22/1928
https://www.presidency.ucsb.edu...
Several South American countries with whose representatives and citizens I have happened to come in contact have express...
I haven't seen the Capper resolution relative to giving the President authority to put an embargo on the sale of arms.
The country had been living beyond its means.
But I haven't seen any plan up to the present time that seemed to be feasible.