Naval fleets probably never again will fight in full force... No government today can afford to run the risk of staking its entire naval force on a single battle. Therefore, it is probable that in the future fighting will be done by special units. These will be organized according to the requirements of the tasks assigned to them. One mission might require only a few cruisers, a number of destroyers, an aircraft carrier and some submarines. Another might require a battleship or two.

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Today all freedom-loving peoples of the world rejoice in the victory and feel pride in the accomplishments of our combined forces. We also pay tribute to those who defended our freedom at the cost of their lives. On Guam is a military cemetery in a green valley not far from my headquarters. The ordered rows of white crosses stand as reminders of the heavy cost we have paid for victory. On these crosses are the names of American soldiers, sailors and marines — Culpepper, Tomaino, Sweeney, Bromberg, Depew, Melloy, Ponziani — names that are a cross-section of democracy. They fought together as brothers in arms; they died together and now they sleep side by side. To them we have a solemn obligation — the obligation to insure that their sacrifice will help to make this a better and safer world in which to live. … Now we turn to the great tasks of reconstruction and restoration. I am confident that we will be able to apply the same skill, resourcefulness, and keen thinking to these problems as were applied to the problems of winning the victory.

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Sir Walter Raleigh declared in the early 17th century that "whoever commands the sea, commands the trade; whosoever commands the trade of the world commands the riches of the world, and consequently the world itself." This principle is as true today as when uttered, and its effect will continue as long as ships traverse the seas.

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If we are to project our power against the vital areas of any enemy across the ocean before beachheads on enemy territory are captured, it must be by air-sea power; by aircraft launched from carriers; and by heavy surface ships and submarines projecting guided missiles and rockets. If present promise is developed by research, test and production, these three types of air-sea power operating in concert will be able within the next ten years critically to damage enemy vital areas many hundreds of miles inland. Naval task forces including these types are capable of remaining at sea for months. This capability has raised to a high point the art of concentrating air power within effective range of enemy objectives.

The basic objectives and principles of war do not change. The final objective in war is the destruction of the enemy's capacity and will to fight, and thereby force him to accept the imposition of the victor's will. This submission has been accomplished in the past by pressure in and from each of the elements of land and sea, and during World War I and II, in and from the air as well. The optimum of pressure is exerted through that absolute control obtained by actual physical occupation. This optimum is obtainable only on land where physical occupation can be consolidated and maintained.

By their victory, the 3rd, 4th and 5th Marine Divisions and other units of the Fifth Amphibious Corps have made an accounting to their country which only history will be able to value fully. Among the Americans serving on Iwo island, uncommon valor was a common virtue.

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The Japanese had, in fact, already sued for peace before the atomic age was announced to the world with the destruction of Hiroshima and before the Russian entry into war. ... The atomic bomb played no decisive part, from a purely military standpoint, in the defeat of Japan.

When I assumed command of the Pacific Fleet in 31 December, 1941; our submarines were already operating against the enemy, the only units of the Fleet that could come to grips with the Japanese for months to come. It was to the Submarine Force that I looked to carry the load until our great industrial activity could produce the weapons we so sorely needed to carry the war to the enemy. It is to the everlasting honor and glory of our submarine personnel that they never failed us in our days of peril.

Through the skill and devotion to duty of their armed forces of all branches in the Midway area our citizens can now rejoice that a momentous victory is in the making. It was on a Sunday just six months ago that the Japanese made their peace‑time attack on our fleet and army activities on Oahu. At that time they created heavy damage, it is true, but their act aroused the grim determination of our citizenry to avenge such treachery, and it raised, not lowered, the morale of our fighting men. Pearl Harbor has now been partially avenged. Vengeance will not be complete until Japanese sea power has been reduced to impotence. We have made substantial progress in that direction. Perhaps we will be forgiven if we claim we are about midway to our objective!