The cordiality of feeling which binds the Old and the New World together, and which found so touching, so tender, so wonderful an expression in the universal heartfelt sorrow of all civilized mankind at the great national bereavement, which recently has befallen us [the assassination of President Garfield], can hardly fail to be strengthened by this visit of the Old World guests whom we delight to honor. [Cheers.]

They have seen now something of our country, and our people; most of them, probably, for the first time, and I have no doubt they have arrived at the conclusion that the country for which Lafayette and Steuben and Rochambeau fought is a good country, inhabited by a good people [cheers]; a good country and a good people, worthy of being fought for by the noblest men of the earth; and I trust also when these gentlemen return to their own homes they will go back with the assurance that the names of their ancestors who drew their swords for American liberty stand in the heart of every true American side by side with the greatest American names, and that, although a century has elapsed since the surrender of Yorktown, still the gratitude of American hearts is as young and fresh and warm to-day as it was at the moment when Cornwallis hauled down his flag. [Applause.]

It seems to me also, gentlemen, that we have already given some practical evidence of that gratitude.  The independence they helped to achieve has made the American nation so strong and active and prosperous that when the Old World runs short of provisions, the New stands always ready and eager even, to fill the gap, and by and by we may even send over some products of other industries for their accommodation. [Applause.]

In fact, we have been so very liberal and generous in that respect, that some of our friends on the other side of the sea are beginning to think that there may be a little too much of a good thing, and are talking of shutting it off by tricks of taxation. [Laughter.] However, we are not easily baffled.  Not content with the contribution of our material products, we even send them from time to time, some of our wisdom, as, for instance, a few months ago, our friend, Mr. Evarts, went over there to tell them about the double standard—­all that we knew and a good deal more. [Laughter.] We might even be willing to send them all the accumulated stock of our silver, if they will give us their gold for it. [Cheers.] It is to be apprehended that this kind of generosity will not be fittingly appreciated and in that respect they may prefer the wisdom of the Old World to that of the New. [Laughter.]