4- accomplishments in the field of satellites and space rockets have already been crowded off the front page by the more mundane and more easily comprehended items. The Space Age did not Just happen. It was brought about by the minds of men. Minds that were trained in the great universities. Here the foundation was laid in the steady expansion of knowledge. As it has for centuries, the campus and research laboratories were the battlegrounds between the known and the unknown and the forces fighting for knowledge are gradually gaining the upper hand. Unfortunately, all this progress has been recorded against a backdrop of human misery and suffering, which only serves to highlight how much yet remains to be done. The worldwide economic depression in the thirties was followed by a catastrophic war of the early forties and the uneasy peace that has followed it until this day. The Space Age has not changed Stanford's role, but has merely underlined its importance to society as a whole. Stanford's objective is, as it has always been, to be a great university. The function of a great university is to teach and to expand the frontiers of knowledge. It is vitally important to the free world that the great universities do their job well, for the perpetuation of individual liberty and freedom may well rest upon the success of their efforts. It seems impossible to give a status report of Stanford in the Space Age without discussing it in terms of men and money. Men - because the very essence of any university is people those who teach, those who come to learn, and those who must administer the research and the business affairs of the vast physical facilities which are necessary to underwrite these activities. Money - because no one has yet found a way to run a university, great or small, without it. Certainly in Stanford's case money is the limiting factor that