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To us there has come a time, in the midst of swift happenings, to pause for a moment and take stock - to recall what our place in history has been, and to rediscover what we are and what we may be. If we do not, we risk the real peril of inaction.

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If our history teaches us anything, it is this lesson: so far as the economic potential of our nation is concerned, the believers in the future of America have always been the realists. I count myself as one of this company.

It is with the book of history, and not with isolated pages, that the United States will ever wish to be identified.

Many of the ugly pages of American history have been obscured and forgotten. A society is always eager to cover misdeeds with a cloak of forgetfulness, but no society can fully repress an ugly past when the ravages persist into the present.

The history books, which have almost completely ignored the contribution of the Negro in American history, have only served to intensify the Negroes' sense of worthlessness and to augment the anachronistic doctrine of white supremacy.

If our nation had done nothing more in its whole history than to create just two documents, its contribution to civilization would be imperishable. The first of these documents is the Declaration of Independence and the other is that which we are here to honor tonight, the Emancipation Proclamation.

Eight years ago, when the life of this Republic seemed frozen by a fatalistic terror, we proved that this is not true. We were in the midst of shock - but we acted. We acted quickly, boldly, decisively.