We must remember, above all, that these men would not be training in order to win a war, but in order to prevent one.

Salary limitations prevent the Government, in many instances, from securing the kind of executives required to manage its vital activities.

Princeton University has conferred an honor upon me for which I am deeply grateful.

I consider such a program vital to the national welfare.

We must not let friendly nations go by default.

That task is more important today than at any previous time in our national history.

Free and inquiring minds, with unlimited access to the sources of knowledge, can be the architects of a peaceful and prosperous world.

In the task of finding and training men and women who will add strength to the public service, universities have a particular responsibility.

He should try sitting in my chair for about an hour and a half!

Tax reduction now would increase inflationary pressures.

To maintain the integrity of the public debt, we must now reduce it by substantial amounts.

The time for tax reduction will come when general inflationary pressures have ceased and the structure of prices is on a more stable basis than now prevails.

The timing of such a program is highly important to achieve economic stability, to promote the investment of capital, and to maintain employment, purchasing power and high levels of production.

A time of high employment and high prices, wages, and profits, such as the present, calls for a surplus in Government revenue over expenditures and the application of all or much of this surplus to the reduction of the public debt.

A good tax reduction bill would give a greater proportion of relief to the low income group.

Under H.R. 1, tax savings to the average family with an income of $2500 would be less than $30, while taxes on an income of $50,000 would be reduced by nearly $5000, and on an income of $500,000 by nearly $60,000.

Despite many gloomy predictions, there is no convincing evidence that a recession is imminent.

If H.R. 1 were to become law, the inequity of its provisions would be frozen into the tax structure.