The Superfund legislation set up a system of insurance premiums collected from the chemical industry to clean up toxic wastes. This new program may prove to be as far-reaching and important as any accomplishment of my administration. The reduction of the threat to America's health and safety from thousands of toxic-waste sites will continue to be an urgent but bitterly fought issue-another example for the conflict between the public welfare and the profits of a few private despoilers of our nation's environment.