17. The President said that he Herr Hitler solemnly declared that the assertions about an intended attack on South American territory were "rank frauds and gross untruths."
Regarding disarmament, he said that he had only ordered German rearmament when his last comprehensive proposal concerning 300,000 men as the maximum-size army were turned down in 1934.
With regard to the proposals to hold world economic talks, he considered this as not so much a question of theoretical discussion, as in practice that of removing barriers.
After a reference to the dismemberment of Germany and her lost colonies, he said it would be a noble act if President Roosevelt redeemed the late President Wilson's promises
Text read from the printed page and cleaned; old type leaves the occasional error.