When consumers purchase more goods, plants use more of their capacity, men are hired instead of laid off, investment increases and profits are high. - John F. Kennedy

We may be proud as a nation of our record in scientific achievement--but at the same time we must be impressed by the interdependence of all knowledge. I am certain that every scholar and scientist here today would agree that his own work has benefited immeasurably from the work of the men and women in other countries. The prospect of a partnership with Soviet scientists in the exploration of space opens up exciting prospects of collaboration in other areas of learning. And cooperation in the pursuit of knowledge can hopefully lead to cooperation in the pursuit of peace.

The mission is to create a new social order, rounded on liberty and justice, in which men are the masters of their fate, in which states are the servants of their citizens, and in which all men and women can share a better life for themselves and their children. That is the object of our common policy. To realize this vision, we must seek a world of peace — a world in which peoples dwell together in mutual respect and work together in mutual regard — a world where peace is not a mere interlude between wars, but an incentive to the creative energies of humanity. We will not find such a peace today, or even tomorrow. The obstacles to hope are large and menacing. Yet the goal of a peaceful world — today and tomorrow-must shape our decisions and inspire our purposes. So we are all idealists. We are all visionaries. Let it not be said of this Atlantic generation that we left ideals and visions to the past, nor purpose and determination to our adversaries. We have come too far, we have sacrificed too much, to disdain the future now. And we shall ever remember what Goethe told us — that the "highest wisdom, the best that mankind ever knew" was the realization that "he only earns his freedom and existence who daily conquers them anew."'''

Ninety years from now I have no doubt that Vanderbilt University will still be fulfilling this mission. It will still uphold learning, encourage public service, and teach respect for the law. It will neither turn its back on proven wisdom or turn its face from newborn challenge. It will still pass on to the youth of our land the full meaning of their rights and their responsibilities. And it will still be teaching the truth — the truth that makes us free and will keep us free.