The war in the Pacific may be regarded as having four stages: (a) The defensive, when we were engaged almost exclusively in protecting our shores and… - Ernest King

The end of the war came before we had dared to expect it. As late as August 1943 strategic studies drawn up by the British and United States planners contemplated the war against Japan continuing far into 1947. Even the latest plans were based upon the Japanese war lasting a year after the fall of Germany. Actually Japan's defeat came within three months of Germany's collapse. The nation can be thankful that the unrelenting acceleration of our power in the Pacific ended the war in 1945.

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.

To the Class of 1901, United States Naval Academy.