Well, it's all over. I wonder what I'm going to do tomorrow. - Ernest King

The price of victory has been high. Beginning with the dark days of December 1941 and continuing until September 1945, when the ships of the Pacific Fleet steamed triumphant into Tokyo Bay, the Navy's losses were severe. The casualties of the United States Navy, Marine Corps and Coast Guard reached the totals of 56,206 dead, 80,259 wounded, and 8,967 missing. Many of these gallant men fell in battle; many were lost in strenuous and hazardous operations convoying our shipping or patrolling the seas and skies; others were killed in training for the duties that Fate would not permit them to carry out. All honor to these heroic men. To their families and to those who have suffered the physical and mental anguish of wounds, the Navy includes its sympathy in that of the country they served so well. It is my sincere hope- and expectation- that the United States will hereafter remain ever ready to support and maintain the peace of the world by being ever ready to back up its words with deeds.

I can best stress the importance of the U.S. Navy to the American people when I state that without sea power on our side the United States would never have become a nation, would not have continued to exist as a nation, and even more specifically would not have won the great World War just so successfully concluded.

Both in Europe and in the Pacific long roads still lie ahead. But we are now fully entered on those roads, fortified with unity, power, and experience, imbued with confidence and determined to travel far and fast to victory.