The Navy Department reported thet Germany and Italy were constructing two battleships capable of a speed of at least thirty knots compared. with the fastest American copifal ships' speed of 21 knots at present.
North Carolina, however, The. battleships Washingtor
to attain a speed of/27 or 28 knots, The Navy Department admitted. that if ships of the foreign powers reach expectations of greater speed, they may necessitate revision of American ing of unused bank reserves.
"In the policy of expenses and in that of credits," he said. "we appear to have rejected all safeguard measures, taken off all brakes, and seem to be heading for a catastrophe."
In conclusion, he proposed a two to three years pause, during which tht Government would nct attempt any new economic experiments, while the Administration and trade and industry leaders would examine in com-
Senator Arthur H. Vandenberg. Republican of Michigan, desired to re-ist new battleships to 35,000-tons conferences between signatories of the London Naval Treaty could definitely determine that the treaty limitations were no longer being observed.
The Senate, by leaving the final word to the. President, practically eliminated Senator—Vandenbergs amendment sit the Administration, Richelieu and Jean Bart e French 35,000-ton bat n
above thirty knots. ported to be capable of travelling Some quarters believed that such Speedy war vessels would not only" slower ships, but mi re ioni: pad ec: the power of naval construction. v America's fastest cruisers, it was pointed cut, are only ca covering 32% knots.—Unitec
Text read from the printed page and cleaned; old type leaves the occasional error.