Let us resolve to be masters, not the victims, of our history, controlling our own destiny without giving way to blind suspicions and emotions.

I ask particularly that those of you who are now in school will prepare yourselves to bear the burden of leadership over the next 40 years here in the United States, and make sure that the United States - which I believe almost alone has maintained watch and ward for freedom - that the United States meet its responsibility. That is a wonderful challenge for us as a people.

Many years ago the great British explorer George Mallory, who was to die on Mount Everest, was asked why did he want to climb it. He said Because it is there. Well, space is there, and were going to climb it, and the moon and the planets are there, and new hopes for knowledge and peace are there.

No President should fear public scrutiny of his program. For from that scrutiny comes understanding; and from that understanding comes support or opposition and both are necessary. I am not asking your newspapers to support the Administration, but I am asking your help in the tremendous task of informing and alerting the American people. For I have complete confidence in the response and dedication of our citizens whenever they are fully informed.

Budget deficits are not caused by wild-eyed spenders, but by slow economic growth and periodic recessions. And any new recession would break all deficit records. In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low, and the soundest way to raise the revenues in the long run is to cut the rates now.

Mr. Nixon has, in the last seven days, called me an economic ignoramus, a Pied Piper, and all the rest. I've just confined myself to calling him a Republican. But he says that is getting low.

I believe in an America ... where no public official either requests or accepts instructions on public policy from the Pope, the National Council of Churches, or any other ecclesiastical source.