Malthus argued a century and a half ago that man, by using up all his available resources, would forever press on the limits of subsistence, thus condemning humanity to an indefinite future of misery and poverty. We can now begin to hope and, I believe, know that Malthus was expressing not a law of nature, but merely the limitation then of scientific and social wisdom. The truth or falsity of his prediction will depend now, with the tools we have, on our own actions, now and in the years to come.

We will not prematurely or unnecessarily risk the costs of a worldwide nuclear war in which even the fruits of victory would be ashes in our mouth - but neither shall we shrink from that risk any time it must be faced.

No man who enters upon the office to which I have succeeded can fail to recognize how every president of the United States has placed special reliance upon his faith in God. Every president has taken comfort and courage when toldthat the Lord 'will be with thee. He will not fail thee nor forsake thee. Fear not-neither be thou dismayed.' Each of our presidents in his own way has placed a special trust in God. Those who were strongest intellectually were also strongest spiritually.

The essence of Vanderbilt is still learning, the essence of its outlook is still liberty, and liberty and learning will be and must be the touchstones of Vanderbilt University and of any free university in this country or the world. I say two touchstones, yet they are almost inseparable, inseparable if not indistinguishable, for liberty without learning is always in peril, and learning without liberty is always in vain.

If we fail to encourage physical development and prowess, we will undermine our capcity for thought, for work, and for use of those skills vital to an expanding and complex America.

My fellow Americans, let us take that first step. Let us...step back from the shadow of war and seek out the way of peace. And if that journey is a thousand miles, or even more, let history record that we, in this land, at this time, took the first step.

We dare not forget that we are the heirs of that first revolution.