"I believe also the time has come for Congress to enact legislation med at the prevention of profiteering in time of war, and equalization of burdens in a possible war. the President said.
"It is necessary for all to realize the unfortunate world conditions today have resulted too often in. the discarding of those principles and treaties which underlie international law and order and in the entrance of many new factors in the actual conduct of war.
"Adequate defence means that to protect not only our coasts but also Our communities far removed from the coast, we must keep any potential enemy many hundreds of miles away from our continental limits, "We cannot assume our defence would be limited to one ocean or one coast and that the other ocean and other coast would with certainty be safe. We cannot be certain that our connecting link—the Panama Canal—would be safe.
"Adequate defence therefore, affects simultaneously the defence of every part of the United States. It is our clear duty to further every effort toward peace but at the same time protect the nation. That is the purpose of these recommendations. Such protection is and will be based not on aggression but on defence." President Roosevelt concluded.
Text read from the printed page and cleaned; old type leaves the occasional error.