Naval economy in which politicians are rejoicing since the ratification of the Five-Power Naval Treaty ran seriously counter to the plans of the Navy Department. The Budget Bureau lopped off $70,000,000 of the needs of the Department as estimated by the General Board. Assistant Secretary Roosevelt took a protest over this action to President Coolidge, on the grounds that such a course would take us down from our proper place in the 5-5-3 ratio.

Meanwhile Congressmen were shocked by an announcement from the Navy Department. On account of the reduction of the...

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