g more
than a little primary instruction in political economy and the elements
of history in the last terms of a four years' course. [Applause.]

The complexity of public affairs is daily becoming greater; more and
more it is necessary that men be trained for them. Not that practical
men, trained practically in public affairs will not always be
wanted--practical men will always be in demand--but we want more and
more a judicious admixture of men trained in the best thought which has
been developed through the ages on all the great questions of government
and of society. [Applause.]

No country presents a more striking example of the value of this
training than does that great nation with which my duties are shortly to
connect me. [Applause.] Several years since she began to provide in all
her universities for the training of men in political and social
questions, for political life at home and for diplomatic life abroad.
This at first was thought to be another example of German pedantry, but
the events of the last fifteen years have changed that view. We can now
see that it was a part of that great and comprehensive scheme begun by
such men as Stein and Hardenbergh and carried out by such as Bismarck
and his compeers. [Applause.]

Other nations are beginning to see this. In France, within a few years,
very thoroughly equipped institutions have been established to train men
in the main studies required in public life and in diplomacy; the same
thing is true in England and in Italy. Can there be again, I ask, a more
fitting object for some of the surplus wealth of our merchant princes
than in rendering this great service to our country, in furnishing the
means by which young men can have afforded them a full, thorough, and
systematic instruction in all those matters so valuable to those who are
able to take the lead in public affairs. [Applause.]

Mr. President, in concluding, allow me to say that in so far as any
efforts of mine may be useful I shall make every endeavor that whatever
diplomatic service I may render may inure to the benefit of commerce,
knowing full well that, in the language of the sentiment, "Commerce and
Diplomacy are the twin guardians of Peace and Prosperity." [Applause.]

In spite of the present depression of business in Germany and the United
States, there are evidences of returning confidence. The great, sturdy,
vigorous German nation and our own energetic people cannot long be held
back in t