"More than ever this protection demands ready-at-hand weapons, capable of great mobility."
The President said he would like io see the United States geared to the ability to produce at least 50,000 planes yearly. Furthermore, the nation should plan a programme to provide the country with 50,000 military and naval planes, The object of the new defence fund, he said, was to equip a larger army, replace and modernize the old army and navy equipment, increase production facilities, and accelerate to a 24-hour basis, all existing army and navy contracts.
"Our defences must be invulnerable, our security absolute, but our defences today do not provide for security against potential developments and dangers of the future.
Text read from the printed page and cleaned; old type leaves the occasional error.