I look forward to an America which will reward achievement in the arts as we reward achievement in business or statecraft. I look forward to an America which will steadily raise the standards of artistic accomplishment and which will steadily enlarge cultural opportunities for all of our citizens. And I look forward to an America which commands respect throughout the world not only for its strength but for its civilization as well.

The federal government's most useful role is not to rush into a program of excessive increases in public expenditures, but to expand the incentives and opportunities for private expenditures.

The United States of America has no intention of finishing second in space. This effort is expensive-but it pays its way for freedom and for America.

As far as the job of President goes, its rewarding and I've given before this group the definition of happiness for the Greeks. I'll define it again: the full use of your powers along lines of excellence. I find, therefore, that the Presidency provides some happiness.

In a world of danger and trial, peace is our deepest aspiration, and when peace comes we will gladly convert not our swords into plowshares, but our bombs into peaceful reactors, and our planes into space vessels. "Pursue peace," the Bible tells us, and we shall pursue it with every effort and every energy that we possess. But it is an unfortunate fact that we can secure peace only by preparing for war.

But I think the American people expect more from us than cries of indignation and attack. The times are too grave, the challenge too urgent, and the stakes too high to permit the customary passions of political debate. We are not here to curse the darkness, but to light the candle that can guide us through that darkness to a safe and sane future. As Winston Churchill said on taking office some twenty years ago: if we open a quarrel between the present and the past, we shall be in danger of losing the future.

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.