Mr. Chairman; My Friends:

I much appreciate your invitation to speak today. And I appreciate it even more as the result of coming to know so many of your members in these last years. Our disposition is to attach a good deal of importance to practical economic, political, social, and diplomatic experience in areas of overseas study. I, by contrast, have emerged from these last years, which have been fairly rich in practical experience, with a much enhanced respect for the role of scholarship.