But I am very happy to be here to talk to the graduating class of the University of California on a nonpolitical subject.

Even though transportation rates are subject to regulation by the Interstate Commerce Commission, the public interest nevertheless demands that the general national policy of maintaining competition continue to be applied to this industry.

This bill would be inconsistent with such a program.

We fought through World War II with only one purpose: to destroy the tyrants who tried to impose their rule on the world and enslave the people.

Even the limited safeguards incorporated in the bill as originally passed by the Senate are omitted from the bill in its present form.

If the Soviet Union genuinely desires to make a contribution to the peace and recovery of the world, it can prove it in Greece.

No legislation giving a major industry immunity from the antitrust laws should be enacted unless adequate alternative safeguards are provided for the public interest.

The exercise by private groups of this substantial control over the transportation industry involves serious potential harm to the public.

I have repeatedly urged upon the Congress the necessity for a vigorous antimonopoly program.

This is a vague and general standard and is manifestly neither adequate nor appropriate as a criterion for waiving the protection afforded the public by the antitrust laws.

I certainly have enjoyed the visit to Oregon, except for the fact that I had to go out this morning and look at those flooded areas north of the town.

I am interested in flood control as well as power and navigation and reclamation in this part of the world.

There is not any reason in the world why these plans should not be carried out, and if we can get the cooperation of every branch of the Federal Government, we can get that done.

I have only one ambition, and that is to get a peace in the world that will be lasting, that will work, and that will keep this country prosperous for generations to come.

I think this great Nation has only begun to be great.

Now, Therefore, be it known that I, Harry S. Truman, President of the United States of America, do proclaim:

I want to see a regular flood control program in all these river valleys.

The President's job is a remarkable one.