My responsibility as Commander in Chief of our Armed Forces is for the safety of our men, and I shall meet that responsibility. The decision I have announced tonight to withdraw 150,000 more men over the next year is based entirely on the progress of our Vietnamization program. There is a better, shorter path to peace--through negotiations. We shall withdraw more than 150,000 over the next year if we make progress at the negotiating front. Had the other side responded positively at Paris to our offer of May 14 last year, most American and foreign troops would have left South Vietnam by now. A political settlement is the heart of the matter. That is what the fighting in Indochina has been about over the past 30 years. Now, we have noted with interest the recent statement by Soviet Deputy Foreign Minister Malik concerning a possible new Geneva conference on Indochina. We do not yet know the full implications of this statement. It is in the spirit of the letters I wrote on April 7, to signatories of the 1962 Geneva Accords urging consultations and observance of the Accords. We have consistently said we were willing to explore any reasonable path to peace. We are in the process of exploring this one. But whatever the fate of this particular move we are ready for a settlement fair to everyone.

Speaking in a very personal sense, I know, as the one who was described by Jerry Ford a few moments ago--a little boy in California, growing up in Yorba Linda, listening to the one train a day go by--I know that in those contests that I had to participate in--as did so many Members of the House, first for the House, and then for the Senate, then the Vice Presidency and then the Presidency-that it all would not have been possible without the help of hundreds of people that I know, but thousands of people like yourselves who contributed, that I have never really had a chance to speak to and to thank adequately. I hope over the years that we are here in Washington we can express our personal appreciation to each and every one of you, but tonight I can tell you this is a great moment for us, a great moment for Pat, my wife, and for myself. We know that in this room are the people without whose support we could not have achieved the goal which we finally realized. We can assure you that in the years that we are here, we will always remember what you have done; and we will do everything in our power not only not to let you down, but to make you proud of what you have done, to make you proud of our party, but more than that, proud of our country and proud of the great role that America can and will play in the world for the rest of this century.

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I am reminded of a lesson that I have never forgotten: I remember in 1952, right after being nominated for Vice President, naturally, as a young Senator and a young candidate for Vice President-the youngest in history except for one up to that time--I felt, you know, rather puffed up about it, and I was put in my place at one of the first receptions. I remember it was in Nebraska. It was one of those long handshakers, and people came through the line over and over again saying, "Congratulations. This was fine," and so forth and so on. Then one fellow came through the line. He said that he came from a farm and had driven over 200 miles to that meeting. He put it quite directly. He said, "Dick, I want to tell you something"--because he had seen me out there before when I had spoken as a Congressman and as a Senator. If there is any place I have not spoken, you name it. But believe me, he said to me, "I just want you to know that as I stand here and shake hands with you, I congratulate you for what you did. But never forget this: You are controversial, but everybody likes Pat." So you see, I know the asset of the women in my family. I know what assets the Cabinet wives and all of the women in this administration are to this administration. I know what each of you has done in this campaign, and I thank you for it.

First, the desire to bring peace in the world again. That was uppermost in the minds of women voters across this country, not the illusory peace that comes from simply ending a war, but the kind of a peace that is lasting, ending a war on a basis that will discourage other wars. The women wanted that kind of leadership. They weren't satisfied with the past leadership. They voted for new leadership. That, therefore, was a major issue. A second major issue was the desire upon the people of this country, among them, to stop the rise in taxes and stop the rise in prices. Women particularly were concerned about that issue because women have the responsibility for the family budget, and having the responsibility for the family budget, they know that unless we deal effectively in handling the problems of the Federal budget, you are not going to be able to balance the family budget. They voted for new leadership to stop the rise in prices and stop the rise in taxes so that millions of Americans would do a better job and have a better chance to balance that family budget. Then there is another great issue that I found--whether it was in the North, the East, the West, or the South--that women particularly were interested in, and that was to stop the rise in crime and reestablish respect for law and order throughout the United States. This administration has been in office for almost 3 months. I know that many are quite impatient, perhaps, or might be impatient as to why we don't have peace, why we haven't stopped inflation, and why we haven't stopped the rise in crime and reestablished respect for law with justice and order throughout this country. I could stand here and tell you that it had been done. That would not be true. I could stand here and promise you when it would be done. But that would not be responsible. But I will tell you this: There are no three issues that have a higher priority in this administration than those three. I can tell you that on this day, for example, not only in the morning but throughout the afternoon, and when I leave this meeting to return to the White House for further meetings tonight, those were the three great issues on which my time was being spent.

Well, then, some of you will say, and rightly, "Well, what did you use the fund for, Senator? Why did you have to have it?" Let me tell you in just a word how a Senate office operates. First of all, a Senator gets $15,000 a year in salary. He gets enough money to pay for one trip a year, a round trip, that is, for himself, and his family between his home and Washington, DC. And then he gets an allowance to handle the people that work in his office to handle his mail. And the allowance for my State of California, is enough to hire 13 people. And let me say, incidentally, that that allowance is not paid to the Senator. It is paid directly to the individuals that the Senator puts on his payroll. But all of these people and all of these allowances are for strictly official business; business, for example, when a constituent writes in and wants you to go down to the Veteran's Administration and get some information about his GI policy — items of that type, for example. But there are other expenses that are not covered by the Government. And I think I can best discuss those expenses by asking you some questions. Do you think that when I or any other senator makes a political speech, has it printed, should charge the printing of that speech and the mailing of that speech to the taxpayers? Do you think, for example, when I or any other Senator makes a trip to his home State to make a purely political speech that the cost of that trip should be charged to the taxpayers? Do you think when a Senator makes political broadcasts or political television broadcasts, radio or television, that the expense of those broadcasts should be charged to the taxpayers? Well I know what your answer is. It's the same answer that audiences give me whenever I discuss this particular problem: The answer is no. The taxpayers shouldn't be required to finance items which are not official business but which are primarily political business.

Then one final point, and I perhaps speak somewhat from experience here, I am often asked about my philosophy about winning and losing insofar as life is concerned generally, and politics, particularly. I am expert in both, incidentally. The thing I want to emphasize to you is this: The important thing for a young person to remember is not whether you win or lose, but whether you play the game. Don't stand aside. Don't be up in the bleachers when you can be down on the field. Remember that the greatness of your life is determined by the extent to which you participate in the great events of your time. You are participating in the great events of your time. As you go through life you are going to find that when you do get in and participate you are going to win some and you are going to lose some. But what you will miss, if you do not get in, is something that you can never recover. It is far more important to get into a battle and fight hard for what you believe in and lose than not to fight at all. It is that kind of philosophy I hope you take with you when you go back to your hometowns because it is that kind of spirit that America needs, that you, as young Americans, can bring to not only the young community, but also you can inspire the older ones as well.

Today, China’s economic power makes U.S. lectures about morality and human rights imprudent. Within a decade, it will make them irrelevant. Within two decades, it will make them laughable. By then the Chinese may threaten to withhold most-favored-nation status from the United States unless we do more to improve living conditions in Detroit, Harlem, and South-Central Los Angeles.

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The Secretary of Labor just recently completed a study that I had requested with regard to unemployment of youth in the United States. I don't need to tell this group of employers that the unemployment rate for youth, of course, is always higher than adults in any country, industrial or otherwise. In the United States, it is three times as high. But the sad part of the statistic is that unemployment among youth in the United States is higher than in any industrial country in the world. This, of course, poses the problem, and it also poses the challenge and the opportunity for this group. I know that under the leadership of Henry Ford, naturally, the slogan of this organization was that this was the group with the "better idea," and I would suggest that under the leadership of Don Kernal this should be the group that "thinks young." In that respect, while I am not, of course, underplaying in any regard the immense responsibility that you have with regard to those in the older-age brackets, I would urge that you particularly concentrate on those programs that deal with unemployment among youth and see that they are folded into the others.

I know you worked many hours overtime. And I am speaking now not simply of the officers of the Embassy, the Ambassador, of course, who has been so cooperative, and Bob Blake [Deputy Chief of Mission]. I rather grew up with him in Whittier. He is a little after my time. I should say, I knew his parents. But, nevertheless, I want you to know that not only the officers, but everybody in all the offices--as I went down the halls today, I saw girls typing out schedules, and I know that you have got to run them through the mimeograph machines and-or, no, you put them through some other kind of a machine now to get them multilithed. And that is just part of it. But the immense amount of logistical detail that is involved in a visit by a President and a Secretary of State is something that places an immense burden on the Embassy. I express appreciation for that. Beyond that, however, I want to tell you that the visit has been handled in this very brief time that we have been here with great precision.

I am honored to appear today, not as President of the United States, but as a member of the bar admitted to practice before this Court. At this historic moment I am reminded of the fact that while this is the last matter that will be heard by the Chief Justice of the United States, the first matter to be heard by this Court when he became Chief Justice was the occasion when, as Vice President of the United States on October 5, 1953, I moved the admission of Warren Olney III, and Judge Stanley Barnes to be members of this Court. I have also had another experience at this Court. In 1966, as a member of the bar, I appeared on two occasions before the Supreme Court of the United States. Looking back on those two occasions, I can say, Mr. Chief Justice, that there is only one ordeal which is more challenging than a Presidential press conference, and that is to appear before the Supreme Court of the United States. On this occasion, it is my privilege to represent the bar in speaking of the work of the Chief Justice and in extending the best wishes of the bar and the Nation to him for the time ahead.

No event in American history is more misunderstood than the Vietnam War. It was misreported then, and it is misremembered now. Rarely have so many people been so wrong about so much. Never have the consequences of their misunderstanding been so tragic.

The new strategy for the seventies also requires a strategy for peace--and I pledge to you tonight that we will have an effective strategy for peace. Let me tell you what that strategy means and what it does not mean. It means maintaining defense forces strong enough to keep the peace, but not allowing wasteful expenditures to drain away resources we need for progress. It means limiting our commitments abroad to those we can prudently and realistically keep. It means helping other free nations maintain their own security, but not rushing in to do for them what they can and should do for themselves. It does not mean laying down our leadership. It does not mean abandoning our allies. It does mean forging a new structure of world stability in which the burdens as well as the benefits are fairly shared--a structure that does not rely on the strength of one nation but that draws strength from all nations. An effective strategy for peace abroad makes possible an effective strategy for meeting our domestic problems at home.