34 Wisco7isi7i Academy of Sciences, Arts, and Letters. 



pursuing. Instead of trying to make great combinations in which, 

 the care shall be loaded on a few individuals, we shall go back to 

 our local enterprises and put io some care for them. Instead of 

 trying to find some K -thschild — shall I say Jay Cook & Co., 

 Duncan, Sherman & Co., Ralston, Winslow, Spencer, Tappan, 

 some treasurer of a Fall River manuf icturing company, or other 

 of "the noble army" of huge bankrupts, innocent or malicious, 

 ■whose debris, or the plentiful lack thereof, lie around us " thick 

 as autumnal leaves that strow the brooks in Yallombro^a ; " — to 

 take care of our funds, we shall see if we real'y cannot trust our 

 neighbor and help some struggling enterprise in our own village. 



It is Said that small enterprises are unsafe and go to the wall 

 soonest. This is partially true and partia'ly false — and when it 

 is true it is not necessarily true. lu will take a great many of 

 these small failures to aggregate the amount lo-t in banking, in- 

 surance, by treasurers of companies and corporations, and officers 

 of railroads. 



When it comes to loss it is just as comfortable to reflect that 

 you have tried to help some humble affair as that you have 

 gilded the hei^ira of some of the great financiers. 



Since the dawn of history there has been a contest to secure 

 the definition of political rights. That contest is pretty much 

 ended in civilzed nations. The overthrow of slavery and serf- 

 dom demonstrates the basis on which political rights must here- 

 after rest. But while ^:)o^i/!/coZ rights are taking their final form, 

 industrial rights are still in a nebulous condition. We are in the 

 latter about at the point in the former of the secession of the 

 plebs from the patricians. 



We have yet all the weary way from Mons Sacer down, to travel. 



Do you think, Mr. President, that we are seeing the beginning 

 of the end in the labor agitation ? I tell you, nay, we are only 

 seeing the bi-'ginning of the beginning. 



There will yet be a readjas'ment of values as radically differ- 

 ent from any thing that now prevails as steam transit from the 

 footman. 



'J'ake a yard of cotton cloth, if you please, and reason about it 

 a little. 



