"This college, therefore, from its earliest beginnings, has recognized and its graduates have recognized, that the purpose of education is not merely to advance the economic self-interest of its graduates. The people of California, as much if not more than the people of any other State, have supported their colleges and universities and their schools because they recognize how important it is to the maintenance of a free society that its citizens be well educated. "Every man" said Professor Woodrow Wilson, "sent out from a university should be a man of his nation as well as a man of his time." And Prince Bismarck was even more specific. One third, he said, of the students of German universities broke down from overwork, another third, broke down from dissipation, and the other third ruled Germany. I do not know which third of students are here today, but I am confident that I am talking to the future leaders of this State and country who recognize their responsibilities to the public interest."