3 - the privilege of working for such a cause, and the dangling hope that, if they do an outstanding job individually, they, too, at some future day may be selected as the Dean of the Graduate School of Business. So, on behalf of the Stanford Board of Trustees and the President of the University, I bring their greetings, and I am delighted to have the opportunity to be with you today. As a Utah boy I was particularly pleased to accept the invitation to speak here in Salt Lake City, but I must confess to you that was about the last choice I was given in the matter. I had no sooner accepted and begun to ponder what I would say when I received a printed notice of this Conference indicating that the subject which I had chosen was "Stanford in the Space Age". Upon inquiry I found that this was the subject assigned without exception to all Trustees addressing alumni conferences. I can only surmise that it was selected by the alumni relations people of Stanford in a last desperate effort to put the Trustee before the audience in the best possible light, implying as the title does, that the man is at work at his job, mindful of the present, but with his eyes ever on the future. Having selected my subject for me, I naturally assumed that they would also write the speech for me, and all this seemed contrary to "letting the winds of freedom blow". However, these people are far too clever to be caught in this kind of a trap. No good composer likes to entrust his work to a bad musician, and the staff's only further effort at "thought control" consisted in giving me a copy of Dave Packard's speech on the same subject and thereafter placing their reliance on the inherent laziness of man to keep me from departing from the party line. In this respect I shall not altogether fail them. Certainly the Space Age is upon us. It crashed into the public consciousness a little over a year ago when the news of the first sputnik crashed into the headlines. Today it is so accepted by us that great scientific