These goals cannot be measured by the size of our bank balance. They can only be measured in the quality of the lives that our people lead. Millions … - Lyndon B. Johnson

This bill says simply that from this day forth those wishing to immigrate to America shall be admitted on the basis of their skills and their close relationship to those already here. This is a simple test, and it is a fair test. Those who can contribute most to this country; to its growth, to its strength, to its spirit; will be the first that are admitted to this land. The fairness of this standard is so self-evident that we may well wonder that it has not always been applied. Yet the fact is that for over four decades the immigration policy of the United States has been twisted and has been distorted by the harsh injustice of the national origins quota system. Under that system the ability of new immigrants to come to America depended upon the country of their birth. Only 3 countries were allowed to supply 70 percent of all the immigrants. Families were kept apart because a husband or a wife or a child had been born in the wrong place. Men of needed skill and talent were denied entrance because they came from southern or eastern Europe or from one of the developing continents. This system violated the basic principle of American democracy; the principle that values and rewards each man on the basis of his merit as a man. It has been un-American in the highest sense, because it has been untrue to the faith that brought thousands to these shores even before we were a country. Today, with my signature, this system is abolished. We can now believe that it will never again shadow the gate to the American nation with the twin barriers of prejudice and privilege. Our beautiful America was built by a nation of strangers. From a hundred different places or more they have poured forth into an empty land, joining and blending in one mighty and irresistible tide. The land flourished because it was fed from so many sources; because it was nourished by so many cultures and traditions and peoples. And from this experience, almost unique in the history of nations, has come America's attitude toward the rest of the world. We, because of what we are, feel safer and stronger in a world as varied as the people who make it up; a world where no country rules another and all countries can deal with the basic problems of human dignity and deal with those problems in their own way. Now, under the monument which has welcomed so many to our shores, the American nation returns to the finest of its traditions today. The days of unlimited immigration are past. But those who do come will come because of what they are, and not because of the land from which they sprung.

Last year the nature of the war in Vietnam changed again. Swiftly increasing numbers of armed men from the North crossed the borders to join forces that were already in the South. Attack and terror increased, spurred and encouraged by the belief that the United States lacked the will to continue and that their victory was near. Despite our desire to limit conflict, it was necessary to act: to hold back the mounting aggression, to give courage to the people of the South, and to make our firmness clear to the North. Thus. we began limited air action against military targets in North Vietnam. We increased our fighting force to its present strength tonight of 190,000 men. These moves have not ended the aggression but they have prevented its success. The aims of the enemy have been put out of reach by the skill and the bravery of Americans and their allies—and by the enduring courage of the South Vietnamese who, I can tell you, have lost eight men last year for every one of ours. The enemy is no longer close to victory. Time is no longer on his side. There is no cause to doubt the American commitment. Our decision to stand firm has been matched by our desire for peace.

In 1790 the nation which had fought a revolution against taxation without representation discovered that some of its citizens weren't much happier about taxation with representation. And so, in what was probably the country's first economy drive, the Coast Guard was founded at a cost of $10,000 for 10 cutters. In tribute to your traditions, and in anticipation of your achievements, as Commander in Chief I hereby grant a general amnesty, and do excuse all Coast Guard cadets from any penalties which you may now carry with you. The official mission of the Coast Guard, which hangs in each room of this Academy, places you "in the service of (your) country and humanity." That mission, your mission, is also the mission of your Nation.