The men responsible for fighting U. S.. battles at sea asked, at Christmas time, for some $725,000,000 to build up the U. S. Navy in the next five years. Congress mulled it over, asked questions. The figures began to rise. The amount the Navy thought would be "necessary" became something like $1,000,000,000, with even wilder figures (up to $7,000,000,000) flying in press headlines. Gruff admirals with honest eyes and fuzzy chops were looking as far ahead as 1942. They kept thinking of more things they would need to defend the country.
Chairman Fred...
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