Knowledge of the oceans is more than a matter of curiosity. Our very survival may hinge upon it.

Life in freedom is not easy, and democracy is not perfect.

Now the trumpet summons us again - not as a call to bear arms, though arms we need; not as a call to battle, though embattled we are; but a call to bear the burden of a long twilight struggle, year in and year out, 'rejoicing in hope, patient in tribulation', a struggle against the common enemies of man: tyranny, poverty, disease and war itself.

Some of my colleagues who are criticized today for lack of forthright principles-or who are looked upon with scorn as compromising "politicians"-are simply engaged in the fine art of conciliating, balancing and interpreting the forces and factions of public opinion, an art essential to keeping our nation united and enabling our Government to function.

The basic problems facing the world today are not susceptible to a military solution.

The future promise of any nation can be directly measured by the present prospects of its youth.

In those countries where income taxes are lower than in the United States, the ability to defer the payment of U.S. tax by retaining income in the subsidiary companies provides a tax advantage for companies operating through overseas subsidiaries that is not available to companies operating solely in the United States. Many American investors properly made use of this deferral in the conduct of their foreign investment.