I am not, of course, an expert at all on what is the type of ship that we need most, but I am advised by the Navy that it is in the matter of cruisers that we are most deficient. I have understood that there was something of a propaganda under way against any Navy building program. That, I think, always happens whenever the Congress starts in on building additional naval vessels. There are opinions about that, of course, on both sides. There are some letters being received here at my office against the building program and some communications are being received in favor of it. But I think if it is understood that this is a plan toward which the Navy is to work in the future as funds become available, and that so far as the cruisers are concerned it is to quite a large extent a matter of replacement, that a good deal of the opposition on account of the financial aspects and so on, that has been expressed, would probably be withdrawn. If this program were carried out, it would leave the Navy ultimately with about 43 cruisers, it having at the present time 40. No, I have given you the wrong number. We have at the present time of finished cruisers 32, and 8 building. That is, we have 18 cruisers built and building, besides the 22, so that when we get through we would have 43 instead of the present number of 40.
Source: "The Talkative President: The Off-the-Record Press Conferences of Calvin Coolidge". eds. Howard H. Quint & Robert H. Ferrell. The University Massachusetts Press. 1964.
Calvin Coolidge, Excerpts of the President's News Conference Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/349236